Buy area coming in at around at 96 price level. Will watch for a bullish reversal here and aim to buy the USD against EUR or NZD, or maybe something else depending on price action at the time. USD long trade backed up by hawkish FED after this month's relatively upbeat FOMC statement.
WTI likely to continue south after closing today below the bullish trend line. In line with broader commodity sell off, it looks like disinflation is occurring right now, bearish for CAD AUD and NZD. Although NZD has been given a boost by yesterday's GDT beat, AUD and CAD are looking bearish, especially against safe havens CHF and JPY. See my short ideas on AUDCHF...
