The FOMC kept rates unchanged. They took out references to hikes but shot down the idea of an imminent rate cut. The market will have to wait till March or perhaps May or June dependent on the data.
The USD tilted back to the upside in most of the major currency pairs. In this video, I outline the technical levels in play and what needs to be done to reverse the tilt to the upside.
This article was written by Greg Michalowski at www.forexlive.com. Source