goes to the extreme on either side before FOMC then we are looking to fade it. Range extreme to short is 1.1350 / 1.1400 and for long is 1.1150 / 1.1100. If Fed chicken out ( most probable outcome ) then another huge spike higher in Euro
, Australian Dollar
and New Zealand Dollar
is inevitable. We won't be in position before such high voltage event but would like to trade it by putting buy stops at the upper range.
Another trades we are interested in is short crude oil
and long USD/CAD