Market does not believe in december rate hike.
Spike brings it to bottom of channel. Good entry for swing trade.
At the moment the federal funds rate is at 0-0.25% (average: 0.125%) The graph shows the CME federal funds future expiring october 2015. This shows the market expects no rate hike this meeting. You can also look up the implied probability on the CME groups website, just google cme fed watch if you want to see another month: look up name of future contract on...
Fundamental outlook for NZDUSD is bearish Is about to reach top of downward-sloping trend channel