CBA may test 81.76 recent Tops of Aug 14, page-47

Wall Street stocks also rallied on the announcement - jumping over 1 per cent - but investors soon got jittery as the market struggled to interpret the Fed's decision.
At the close, the Dow Jones industrial average fell 65.27 points, or 0.39 percent, to 16,674.68, the S&P 500 lost 5.11 points, or 0.26 percent, to 1,990.2 and the Nasdaq Composite added 4.71 points, or 0.1 percent, to 4,893.95.
The rate decision did not sit well with some market participants.

Tom Porcelli, chief US economist at RBC Capital, said the Fed will always face some hurdles to raising rates, but that failure to do so means it is letting other economies lead the way.
"If you are incorporating global economic and financial market developments into your calculus then it will be very difficult for this Fed to get off of zero," he said. "The window is closing rapidly on them.
"There's a little bit of relief obviously that it's not happening today, but there are questions and head-scratching as to when it will happen. There are some hints or guidance there that potentially, a Fed rate hike may not even happen this year," said George Rusnak, Co-Head Of Global Fixed Income for Wells Fargo Investment Institute In Princeton, New Jersey.
While some commentators said they were disappointed with the continued uncertainty, others showed relief.
"There was just too much global uncertainty right now, and the risk of raising rates from zero is different from raising rates if you're at 4 per cent," said Steve Gutch, Senior Portfolio Manager at Federated Investors.
Wires

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