Talking Points:
– EURUSD tests strength of trend since December 17.
– NZDUSD breakdown eyes move towards 0.7100.
– See the DailyFX Economic Calendar for Thursday, January 29, 2015.
Traders are grappling with a seemingly contradictory FOMC statement, the RBNZ’s neutral pivot, and potential SNB intervention.
See the above video from technical considerations in EURUSD and NZDUSD.
Read more: USD Eyes FOMC Meeting amid Perceived Policy Divergence
— Written by Christopher Vecchio, Currency Strategist
To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com
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Source: Daily fx
