Given the ongoing strength of the USD prior to FOMC, I anticipate NU falling to retest support at .7000.
However, assuming the hike has pretty much been priced in, I am expecting the USD to fall once the rate hike is announced and for NU to rise and retest the upper trendline of the channel it is currently in.
However, assuming the hike has pretty much been priced in, I am expecting the USD to fall once the rate hike is announced and for NU to rise and retest the upper trendline of the channel it is currently in.