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.