Despite the FOMC and the big orders in the market, most of the major pairings are exactly where we left them yesterday afternoon. The EUR/USD had lots of FOMC-induced volatility but is still trading around 1.4530 and the AUD/USD is trading around .9000, still unable to get back above .9015/20 but also unable to test the next support level at .8945. Range trading looks to be the order of the day in both pairs. GBP/JPY is 70 pips higher compared to yesterday and has seen some big volatility overnight as have most of the GBP crosses. I’m expecting a quiet session now that the FOMC is out of the way.
Good luck today.
