For the FX traders, today is all about the FED and all the events surrounding this institution like the rate decision, statement and economic projections. Ahead of that, USD is getting stronger and on few instruments, that appreciation, is giving us a signal to buy the dollar. Isn't that a bit too early?
USD/CAD is attacking the upper line of the ascending triangle pattern. H4 candle closing above the horizontal resistance will give us a mid-term buy signal.
USD/CHF is breaking the upper line of the flag formation. That is very positive but for the proper buy signal, we need to see the breakout of the horizontal resistance on the 0.988 first.
NZD/USD defended the lower line of the rectangle pattern but the selling pressure is still very high. Daily chart looks rather negative as the last few candles are shooting stars, which show us constant bullish weakness.