AUDUSD - Not sure what will happen? But I prefer Long AUDUSD

FX:AUDUSD   Australian Dollar / U.S. Dollar
March 21st 2015

After a busy week that was filled with Economic News & of course FOMC Policy Statement Plus Janet Yellen's conference, this is my take:

1. People came to a conclusion that removing "Patience" from the FOMC statement does NOT mean raising interest rates in two meetings (i.e. June 2015)

2. FOMC stated clearly stated that raising interest rate will happen " when it has seen further improvement in the labor market and is reasonably confident that inflation will move back to its 2 percent objective over the medium term."

3. From current data, there is definitely improvement in jobs data but inflation figures are not great and it does not seem it will move to the Fed's 2% goal anytime soon.

** Expected rate hike is now pushed to September 2015 or even December 2015. I personally think that Fed rate will remain unchanged for 2015.

** So what to trade now !!! ... Well, I think the high yield currency trading is back ... so prepare yourself to buy AUD & NZD against the US dollar             once you see a clear evidence of that .

** In the example above, I will be watching a break above the H4 channel and will buy AUDUSD             on a break !! ...

Good Luck in your trading
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