EURUSD is currently testing the descending triangle resistance and might be due for a move back to the support at the 1.0850 minor psychological level.
The US dollar had a volatile trading day on Friday, as profit-taking took place at the end of the month.
The US dollar gave up some of its gains when the US advanced GDP reading missed expectations.
AUDUSD is forming a double bottom pattern on its 1-hour chart, signaling a potential reversal from the selloff.
The US dollar had a volatile time during the FOMC statement but generally ended higher against its currency counterparts.
EURCHF is pulling back from its strong upside break past the symmetrical triangle resistance on the 4-hour chart and may be due for a retest of the 1.0500 major psychological support.
EURAUD has been trending higher on the 4-hour time frame and price looks ready to make another test of the uptrend line connecting the recent lows.
The dollar was hit by profit-taking activity in yesterday’s US trading session, with traders closing off their long positions ahead of the FOMC statement today.
The US dollar was in a weak spot recently, despite stronger than expected data from the economy.
GBPAUD has been on a strong uptrend on its longer-term time frames, but a pullback seems to be materializing on the 1-hour chart.