AUDUSD We expect the Australian dollar to rise against the dollar, and we have determined the entry point for the Australian dollar against the US dollar, and we expect it to reach the areas we have identified.
INDX
EURAUDWe expect the Australian Euro, going down and then going up from the area that we have defined, we see that the trend is up, so we take the buy zone and wait until it touches that price that we have identified to buy it.
USDCHFWe expect the Swiss dollar to rise if the 0.89459 area is broken. Its rise towards the targets we have set will be confirmed.
USD Index: Breakdown before the FOMCToday's focus: USD Index
Pattern – Nill
Support – 105.00 - 104.45
Resistance – 105.10 - 105.55
Thanks for checking out today's update. Today, we have run over the USD Index, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis.
The USD index sits in an interesting spot with the FOMC to come. Price still sits in its uptrend, and we saw a nice fightback yesterday from buyers after sellers were once again rejected below 105. price also looks to be losing some upward momentum, and the RSI is also warning us of this, with divergence forming on the RSI.
A lot could come down to the FOMC. If we see a hawkish tone, could we see a new move by buyers to test the 105.55 resistance? On the other hand, if it is more to the doveish side, the momentum warnings could come true, and we may see a new test lower by sellers.
Sorry that today's update is a touch this way or that way, but it looks like the market is waiting for some direction in the short term.
The fund's rate, projections and statement are due at 4:00 a.m. AEST Thursday morning.
Have a great day and good trading.
Dollar index sell h4 The index is selling in the medium term, but you should pay attention to related news
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The emergence of the inverted head and shoulders pattern in S&P The emergence of the inverted head and shoulders pattern in sp500
We may see an upward movement on the 15-minute time frame
