The most important event of yesterday’s session, and maybe even the whole week was the meeting of the American Federal Reserve. As expected, the main interest rate was increased from 2 to 2.25%. The forecast of 4 interest rate hikes in the whole 2018 and another 3 in 2019 was also maintained. It seems that such a resolution should gently support the dollar, at least to some currencies. Interestingly looks situation on the graph, for example, AUD/USD. The last few candles show a slide, and yesterday we have a pin bar with a long, top shadow. Even information about good budget performance in Australia and improvement of the rating for this country did not help. The technique clearly indicates a downward trend, the correction has done more than the standard range, the price tests the trend line and it seems that another downward rebound may occur.
