FOMC Preview - USD needs a pullback
FOMC Today, with 0.25% rate hike largely expected with 0.5% off the cards since the war. But the USD has bought heavily into this event and there may not be much room left for gains in the short term without a profit taking spell. Buying the rumour selling the fact is very common in trading and could be the set up here.
In regards to which pairs are in play AUD/USD has support here and Jobs data tomorrow so if we can catch some USD profit taking then pushing with AUD may offer more opportunities for upside.
IF looking to buy USD wait until the pullback is complete and then buying USD/JPY and selling going the main trade those buying USD looking at.
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In regards to which pairs are in play AUD/USD has support here and Jobs data tomorrow so if we can catch some USD profit taking then pushing with AUD may offer more opportunities for upside.
IF looking to buy USD wait until the pullback is complete and then buying USD/JPY and selling going the main trade those buying USD looking at.
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
“Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party."
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