FOMC Meeting NZD/USD Sell Trade With 20 Pip Stop Loss And 120 Pip Take Profit Target

This time FOMC Meeting finally decided to raise interest rates.

Strong rumors were already circulating in the financial media that FED has decided to raise interest rates.

When a central bank raised interest rates, it makes the currency of that country appreciate.

This is precisely what happened. USD appreciated and pairs like EUR/USD, GBP/USD, NZD/USD, AUD/USD fell down hard.

Read this new blog post in which I analyze recent NZD/USD Sell Trade that made 120 pips with a 20 pip stop loss on FOMC Meeting Minute Release.

NZD/USD is falling down more but I had fixed 120 pips as my profit target.

It is always a good idea to avoid whipsaw in the market something that happens often when FOMC Meeting minutes are released.