Pre-FOMC Rates Decision Analysis
31st July (FOMC Decision Pending)
DXY: Ranging between 104.20 and 104.55. If Fed makes no comment on rate cut, DXY could push up to 105.20. If Fed makes comment on rate cuts in Sept, DXY could push down to 103.65.
NZDUSD: Buy 0.5930 SL 20 TP 50 (DXY weakness)
AUDUSD: Sell 0.6450 SL 25 TP 90 (DXY strength)
USDJPY: Sell 151.50 SL 70 TP 245 (DXY weakness)
GBPUSD: Sell 1.28 SL 20 TP 65 (DXY strength & BoE decision tomorrow)
EURUSD: Sell 1.08 SL 20 TP 55 (DXY strength)
USDCHF: Sell 0.8820 SL 20 TP 70 (DXY weakness)
USDCAD: Buy 1.3850 SL 20 TP 45
Gold: Needs to break 2425 to trade up to 2450 (DXY weakness)
DXY: Ranging between 104.20 and 104.55. If Fed makes no comment on rate cut, DXY could push up to 105.20. If Fed makes comment on rate cuts in Sept, DXY could push down to 103.65.
NZDUSD: Buy 0.5930 SL 20 TP 50 (DXY weakness)
AUDUSD: Sell 0.6450 SL 25 TP 90 (DXY strength)
USDJPY: Sell 151.50 SL 70 TP 245 (DXY weakness)
GBPUSD: Sell 1.28 SL 20 TP 65 (DXY strength & BoE decision tomorrow)
EURUSD: Sell 1.08 SL 20 TP 55 (DXY strength)
USDCHF: Sell 0.8820 SL 20 TP 70 (DXY weakness)
USDCAD: Buy 1.3850 SL 20 TP 45
Gold: Needs to break 2425 to trade up to 2450 (DXY weakness)
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