With the FOMC decision looming; know your technical levels
Dave Floyd is a professional FX and stock trader based in Bend, OR and the
President of Aspen Trading Group. Dave’s approach to FX combines technical
and fundamental analysis that results in trades that fall into the swing
trading time frame of several hours to several days. For a free trial to
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While the technical levels below will remain valid during
today’s trading session, bear in mind that the ‘Current Bias’ column may not be
valid post-FOMC as price action will be volatile and the content of the
‘statement’ may well alter the current price direction.
Referring to
yesterday’s article you will notice how CHF/JPY
has begun to sell-off overnight – we still see lower levels in the days ahead.
The template below contains
‘support’ and ‘resistance’ levels for the major FX pairs – note these levels on
your charts and see how they can assist you in entering and exiting
trades. There are no ’24-Hour Target Trades’ for today as we do not see any
set-ups that meet that criteria due to the FOMC decision.
Wednesday’s FX Targets & Technical Levels
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As always, feel free to send me your comments and questions.Â