Dollar’s Post-FOMC Rally Has Traders Weighing Trends, Risk Trends Lose Traction

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Dollar, Nasdaq, Dow Jones, EURUSD and GBPUSD Talking Points:

• In the wake of the FOMC rate decision whereby the central bank’s members have moved forward rate hikes, the Dollar extended its bullish breakout
• EURUSD continues to traverse its broad range while USDCAD has returned to the upper bound of its descending trend channel, GBPUSD and AUDUSD are attempting the ambitious
• Risk assets generally leveled out post-rate decision, but an acute divergence between the Nasdaq 100 and Dow indicates how reliable the rebound is likely to be

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