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USD moves to new lows ahead of the FOMC decision

The USD is the weakest of the major currencies and it is trading to new lows vs most of the major currencies in the current hourly bar. The only currency that the USD is not making a new low is the USDCAD, but it is still pushing toward that level.EURUSD: The EURUSD moved above a cluster of resistance near the 1.0704 level (that is now support going into the FOMC rate decision), and took out the high price from yesterday's trade 1.07175. The next target comes against the 38.2% retracement of the... Read More

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Moves

Lows

Ahead

Fomc

Decision

Forex

Posted: Sep 20 2023, 16:56

Author Name: forexlive

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