I dont think this pair is going to parity for now (but what I think really doesnt matter). To me, the path of least resistance seems like its to the upside. Depending on what the feds say today in their forecast outlook (2 rate hikes for 2017 maybe still kind of dovish and not aggressive enough) will determine whether this Pair breaks 1.04-1.05 area or uses it as support. Lets see!!!
Comments
iSaleh
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thanks for your chart and what will happen nobody can know, but within hours I think it will happen if the "Fed Interest Rate Decision" go to 0.75% lets see.
thanks,
kerryedwards
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@iSaleh, Yes Im pretty certain they will hike rates today by a quarter point which has already been priced into the markets. But more importantly is what Yellen is going to say for the forecast outlook and this may cause a knee jerk reaction to the upside. Lets wait, see and then react lol!
thanks,