Technical Levels For Major FX Pairs Ahead Of The FOMC

MarketPulse by OANDA Group595 FollowersFollow5ShareSaveCommentsSummaryWhat is probably the most overlooked market development remains the US dollar, aka petrodollar that reached 10-month highs last Friday.The global reserve currency takes the upper hand when it comes down to a squeeze in oil prices, with countries around the globe forced to hedge and trade in US dollars for ever-more expensive barrels of crude.We will dive into an intraday chart outlook for all major FX currency pairs and provide trading levels for the upcoming FOMC event. Thx4Stock/iStock via Getty Images By Elior Manier It has been what felt like a few years since the previous FOMC, with what resembles a totally different market since. Since January 28, oil is up close to 60%, silver is down 25%, previously indestructible USThis article was written byMarketPulse by OANDA Group595 FollowersFollowMarketPulse is an award-winning industry analysis and news site service created by OANDA Business Information & Services, Inc. Covering forex, commodities, global indices and more, our goal is to give timely, relevant and informative commentary on major macroeconomic trends, technical analysis and worldwide events impacting the industry.