US Fed to hold a discount rate meeting today. There is speculation that US Fed might hike discount rates by 75 bpbs.
- Discount rate is nothing but minimum interest rate set by US Fed for lending to other banks.The number of federal reserve banks pushing the central bank to raise the rate it charge commercial banks for emergency loans rose to eight in September from five in July.
- US dollar has broken the previous low of 1.06155 and declined till 1.06005 as Fed is set to hike the discount rate in meeting to be held today.
- On the higher side major support is around 1.0720 and break above targets 1.0770/1.0800. Overall bearish invalidation only above 1.08300. The pair's minor resistance is around 1.06800/1.07200.
- The pair's major support is around 1.0600 and break below targets 1.0525/1.0500 in short term.
It is good to sell on rallies around 1.0635-1.0640 with SL around 1.0680 for the TP of 1.0550/1.0525/1.050


FxWirePro: GBP/AUD loses momentum but outlook is bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro-USD/CHF Technical Outlook: Buying the Dips Near 0.8320 as Dollar Rally Extends
FxWirePro: USD/CAD sustains gains as uptrend remains strong
FxWirePro- Woodies Pivot
FxWirePro: EUR/NZD stuck in a range but outlook is bullish
FxWirePro: USD/ZAR dips as rand firms on stronger economic data
Yield Surge Sinks EUR/USD: Technicals Point to Sell-on-Rallies Near 1.1320
NZD/JPY Technical Analysis: Sell-on-Rallies Strategy Eyed Below 90.80 Resistance
FxWirePro- Major Pair levels and bias summary
JPY major currency score with the bearish pairs NZDJPY, GBPJPY, AUDJPY, EURJPY, CHFJPY, CADJPY
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD trades flat, retains downside bias
FxWirePro: NZD/USD dips below lower range, bearish bias increases
FxWirePro: GBP/NZD extends gains, eyes 2.3600 level 



