Post FED Interest Rate Announcement Yesterday
DAX – The indices have certainly been surprising most traders. As you will remember from our daily videos from last week we did mention that if the resistance is broken it would make a huge move upwards. The upper targets are still in reach before a pull back. Dax has the potential still to touch 11.386 and with a pull back if it gathered enough strength we might see it around 11.500. So the pull backs will give opportunities for the bulls to push it higher.
AUDUSD – The FED Rate gave the USD the boost to push the AUD back lower but can this be an opportunity to buy it? AUDUSD testing double bottom might just be the opportunity that we are waiting for to buy once again until the end of the year. Not a bad idea I am thinking. The 0.7320/10 area is a good support to retest but remember January will be a different ball game and the Christmas period might not be so quiet actually. Boxing day low volume may just do the trick for some fast moves upwards to make some profit.
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