VOLATILITY Remains on USD EUR CABLE & Crosses

Heading towards this week's FOMC rate decision, the USD steady price recovery has well been on track, especially coming from a recent 2nd higher low @95.93. The rapid pullback with the EURO post ECB was considered the catalyst of the market direction.

The currency market's behavior based on Price & Time cycle turns also remains well within its 7-14 days coverage, where the effectiveness of the Fibonacci time line have applied since the cyclical pattern was identified with a few +/- lagging turn over market sessions between the 3 time zones.

This is well in place for medium term outlook maintain overnight trade positons across the market with the European majors and Asian currencies as a risk spread strategy. Alternating price swings on the Asian currencies is reflective well with respective price action with the USDJPY pulling back @112.83 while the Aussie & the Kiwi or the NZDUSD remains in a corrective phase as of writing @0.7462; @0.6605 respectively. And the AUDNZD Cross rate still remains on the higher band price @1.1293 in Asian trading session.