The US$ traded lower following FOMC as the Fed Chair reaffirmed an accommodative approach to interest rates. The US$ weakness has helped a number of FX pairs but the Kiwi was probably the best performer on the day.

 

Data: watch today with US Advance GDP.

 

Earnings: another big day on Thursday:

 

DXY daily: lower on the day so watch for any reaction at the support trend line:

 

Trend line breakouts:

NZD/USD:

NZD/USD 4hr: a TL b/o for 50 pips:

 

NZD/USD 30 min: note the great range breakout opportunity here during the European session:

 

USD/JPY 4hr: this TL b/o gave up to 80 pips before stalling at 109 so watch 108.5 for any reaction:

 

GBP/JPY 4hr: this b/o above 150 has given up to 150 pips so watch for any push to 152:

 

Other markets:

S&P500 4hr: watch for any new TL b/o:

 

ASX-200 4hr: a new b/o so watch 7,100 for any new b/o:

 

Gold 4hr: watch for any new TL b/o:

 

EUR/USD 4hr: has broken above 1.21 so watch the monthly 200 EMA for any new b/o:

 

AUD/USD 4hr: watch 0.78 and for any new TL b/o:

 

AUD/JPY 4hr: a new TL b/o watch 85 and for any new b/o:

 

GBP/USD 4hr: watch for any new TL b/o: