Forex Technical Analysis (VIDEO):FOMC more hawkish. RBNZ more dovish.

Published on October 30, 2014

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The FOMC and the RBNZ met today and both kept rates unchanged. However, the change in the bias for each were different.

The FOMC was more hawkish (or less dovish), while
The RBNZ was more dovish.
As a result, the US dollar has moved higher against all the major currencies while against the NZD, the trend is back to the downside on the 1-2 punch from the counter policy initiatives from each central bank.

IN this report, I look at the NZDUSD, the EURUSD and the GBPUSD and outline the risks and potential targets going forward into the new trading day

The Forex Market is volatile. Technical Analysis helps to define and limit risk for traders.

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