Yesterday, the Commerce Department reported that U.S. gross domestic product grew at an annual rate of 3.5% in the three months to September, beating forecast for 3%. Thanks to these bullish numbers, the USD Index, which tracks the performance of the U.S. dollar against a basket of six major currencies climbed above 86.50. Earlier today, the index extended gains, hitting a fresh multi-month high of 87.08. How did this rally affected the picture of major currency pairs?

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Yesterday, the U.S. dollar strengthened against other major currency pairs after the Fed said it would end its monthly bond-buying program but keep rates near zero for "considerable time". As a result, EUR/USD declined below the medium-term resistance zone, which triggered a sharp decline to slightly above the recent lows. Will they withstand the selling pressure and we’ll see a double bottom in the coming days?

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Earlier today, the U.S. dollar moved lower against other major currencies as investors were eyeing the conclusion of the Fed's two day policy meeting later in the day. As a result, AUD/USD broke above the nearest resistance levels and hit a fresh monthly high. Will the exchange rate reach the next Fibonacci retracement?

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Earlier today, the Commerce Department showed that durable goods orders fell 1.3% in the previous month, missing expectations for a 0.5% increase. Core durable goods orders (without volatile transportation items) dropped 0.2% in September, which was the largest decline in eight months. Thanks to these bearish numbers, the USD/CAD pair declined sharply, slipping below the last week’s low. Where could currency bulls find solid support?

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Earlier today, German research institute Ifo showed that its index of business climate dropped to 103.2 in October from 104.7 in the previous month. Thanks to these disappointing numbers, EUR/USD moved away from the short-term resistance line. Where will the exchange rate head next?

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