USD bears not panicking yet post FOMC

The FOMC statement was more dovish than expected and while the bearish USD trend looks to be stalling against the GBP and the NZD, other major pairs like USD/JPY and EUR/USD remain in sideways consolidation. EUR/USD would need to break above 1.1550 and USD/JPY below 116.00 before the USD bulls will start getting really worried.

I’m sticking with my contrarian long AUD/USD position but with the AUD struggling against the GBP and NZD for now, I may have to remain very patient.

The post USD bears not panicking yet post FOMC appeared first on www.forextell.com.

Leave a Reply

Your email address will not be published. Required fields are marked *