Calm before FOMC

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Calm before FOMC

From the city that loves to trade, My name is Kiana Danial, a Persian member of the tribe, an Electrical Engineering graduate from Japan, and the founder of Invest Diva right here in New York.

If you are Japanese, are learning Japanese, or would like to watch me and not understand a word I say, simply click on the video above. Otherwise, keep on reading 😉

Wednesday’s Asian session kicked off with the ANZ Business Confidence at 1:00am GMT  to set the tone for the New Zealand dollar.
We will here the RBNZ Rate Statement later in the day at 9 PM so big day for Kiwi! A more hawkish than expected tone would push Kiwi higher up.
Mild volatility is  expected during the London session with focus on the British Pound and the Euro especially since the euro has been moving up for the past few days.
Ms. USA seems to be saving her sexy moves for after the Federal Open Market Committee (FOMC) statement and the Federal Funds Rate at 7 PM which could create some moves for the US dollar.
Bank Of Canada Governor Stephen Poloz will end the day with his speech at 9:15 as investors will be on a watch out for him to drop subtle clues regarding future monetary policy;

Intraday Forex Technical Levels

EUR/USD 4-hour: Consolidating.

Invest Diva Likes: Long positions above 1.2753 with targets at 1.2828 and 1.2903 in extension.

If Pair Goes Nuts: Below 1.2753 look for further downside towards 1.2661 and 1.2586.

What’s up on the Forex Dance Floor: The pair is teasing the 38% Fibonacci level at 1.2753 as entering the Ichimoku’s cloud. The RSI is above the neutrality area.

Supports and Resistances
1.2903

1.2828

1.2753 Pivot point

1.2661

1.2586

AUD/USD 4-hour: Moving up.

Invest Diva Likes: Short positions below 0.8934 with targets at 0.8828 and 0.8659 in extension.

If Pair Goes Nuts: Above 0.8934 look for further upside towards 0.9019 and 0.9105.

What’s up on the Forex Dance Floor: The pair broke above the upper boundary of the triangle chart pattern and is moving up with the RSI reaching the overbought zone. A break above the 38% Fibonacci level could open doors for more gains.

Supports and Resistances
0.9105

0.9019

0.8934 Pivot Point

0.8828

0.8659

USD/JPY 4-hour: Consolidating.

Invest Diva Likes: Long positions above 108 with targets at 109.17 and 110.08 in extension.

If Pair Goes Nuts: Below 108 look for further downside towards 106.71 and 105.67.

What’s up on the Forex Dance Floor: The pair continues to consolidate at the 23% Fibonacci level above the Ichimoku’s cloud. The RSI is above the neutrality area.

Supports and Resistances
110.08

109.17

108 Pivot Point

106.71

105.67

USD/CHF 4-hour: Consolidating.

Invest Diva Likes: Short positions below 0.9477 with targets at 0.9392 and 0.9336 in extension.

If Pair Goes Nuts: Above 0.9477 look for further upside towards 0.9573 and 0.9689.

What’s up on the Forex Dance Floor: The pair is consolidating below the pivot level at 0.9477 as it just entered the Ichimoku’s cloud. The RSI is below the neutrality area. Market sentiment of one of the largest international brokers shows that 60% of traders are long the pair and the combination of the technicals and current sentiment gives a further bearish bias.

Supports and Resistances
0.9689

0.9573

0.9477 Pivot Point

0.9392

0.9336