Holding Long US Dollar vs. Aussie, Euro and Franc Into FOMC


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I remain long the US Dollar against the Aussie the Euro and the Swiss Franc ahead of the upcoming FOMC monetary policy announcement.

I sold AUDUSD at 0.9186 and have since taken profit on half of the exposure with the rest open to capture further downside momentum and a stop-loss adjusted to breakeven (0.9186).

On EURUSD I sold the pair at 1.3644 in line with my long-term fundamental outlook and likewise took profit on half of the trade. The rest is active with a stop-loss at 1.3583 my initial objective.

Finally I entered long USDCHF at 0.9068. Here too profits on half of the exposure have been booked leaving the rest in play with a stop-loss at the first target of 0.9114.

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