Is time to long USD ?
Fed last meeting has sent USD index 2 months high of 92.31 of which resulted major pairs trade lower against the USD.
Strong USD due to recent the Federal Reserved (FED) is preparing for the reduction on asset purchase during last FOMC meeting on Wednesday US local time.
USD index was in a strong bullish move with recent breakout at resistant zone of 91.40+- after 2 months of consolidation at lower timeframe at the area of 91.00+- till 89.50+-.
From the D1 technical perspective, we likely to see a short term correction till Fib level 61.8 next week before continues it bullish movement.
Strong USD due to recent the Federal Reserved (FED) is preparing for the reduction on asset purchase during last FOMC meeting on Wednesday US local time.
USD index was in a strong bullish move with recent breakout at resistant zone of 91.40+- after 2 months of consolidation at lower timeframe at the area of 91.00+- till 89.50+-.
From the D1 technical perspective, we likely to see a short term correction till Fib level 61.8 next week before continues it bullish movement.
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