Morning traders, we have removed the recent AUDNZD pending order, we will be looking for an entry closer to market price, possibly 1.11200, will keep you updated
Yesterday was an interesting FOMC, but today is even better, the SNB is about to announce its rate decision in about 40 minutes, and there's a solid chance they go for a small hike which is not priced in, so that would bring some decent CHF strength, and later during the day we have a BoE rate decision as well which is likely to surprise on the dovish side with only a small 25bps hike while the market is priced for more so that would bring some GBP weakness
Speaking about the FOMC, like we mentioned yesterday, don't get deceived by the short term reaction we have seen during Powell's presser, makes it think he was dovish BUT he was not, it was quite a hawkish speech and that reaction is likely to be just profit taking, NOT a change in fundamentals
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