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USD still trying to make its mind up as we wait on Yellen

As expected we seeing some good two-way business as traders try to work out what's next

GBPUSD definitely has demand into 1.4950 and that remains the line in the sand for the moment with key technical support lower down at 1.4890 with stops expected below 1.4880. Offers/res now into 1.5035-50.

EURUSD has been back up above 1.0945 and is finding some good dip demand across all EUR pairs but expect offers/res into 1.0970 still.

EURGBP back up to 0.7295 which is capping cable rallies

EURCHF back to 1.0790 from post-FOMC lows of 1.0767 which is keeping USDCHF from falling back too far. Don't rule out the SNB keeping a close eye on events at the moment

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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