Dollar surging
Fischer's comments turned the bias back to the upside for the dollar and the AUDUSD and NZDUSD has been hit hard.
The AUDUSD is testing the lows from the week at the 0.7583-87 area (Monday and Wednesday lows).
Looking at the 4 hour chart in the NZDUSD, it is testing trend line support. A break will look toward the 0.7237-43 area.
Looking at the daily chart, the pair made a new year high and is now trading below the closing level/low from yesterday at 0.7299 and 0.7266 respectively; Look for traders to lean against the prior day low now. Bearish.
