Analysis Follow

Revisiting the US Dollar Swissy chart, we notice the USD probed our daily resistance and then fell off, trading below our channel. After a relatively uneventful Fed meeting and the USD losing a little momentum after yesterday's move, significantly higher levels in this pair today would be surprising. However, with some more chatter in regards to Iran's written reply, without the contents of the response made public yet, more event risk exists on the geopolitical front. The 50 day moving average looks like it could provide some support to the downside on the pair.