Analysis

USD head greater as flight to security flows dominate

Greenback strikes greater after Trump drops a bombshell about negotiations

Pres. Trump shocked the markets saying that he has instructed the GOP lawmakers to stop negotiations with Nancy Pelosi on a Covid reduction invoice, saying he’ll move a invoice after the elections when the GOP wins.

The greenback has moved greater in response as merchants head into the relative security of the USD (and JPY). 

EURUSD:  The EURUSD moved to and thru its 100 hour transferring common at 1.17466 however discovered help in opposition to a decrease trendline and simply above its 38.2% retracement of the transfer up from September 25. The value has bounced again above the 100 hour transferring common.  A transfer beneath could be extra bearish (if it can keep beneath).

Dollar moves higher after Trump drops a bombshell about negotiations

GBPUSD: The GBPUSD tumbled beneath its 100 hour transferring common and moved towards its 38.2% retracement of the transfer up from the September 25 low at 1.28793. The pair did stall in opposition to a swing low from Friday’s commerce after the employment report at 1.2891. The 200 hour transferring common at 1.28683 is one other draw back goal on additional promoting. The 100 hour transferring common at 1.2929 is a danger degree now. Keep beneath is extra bearish.


NZDUSD has tumbled beneath its 200 hour transferring common and 38.2% retracement close to the zero.6601 degree. Keep beneath is extra bearish.NZDUSd

USDCAD: USDCAD as spiked above its 100 hour transferring common 1.32867 and moved above its 38.2% retracement of the transfer down from the September 30 excessive at 1.33093. THe subsequent goal comes at on the 200 hour transferring common and 50% retracement close to 1.3330. 

USDCAD

USDCHF: The USDCHF has moved as much as check its 100 hour transferring common at zero.9178 and trendline slightly below that degree at zero.9175.  To date the transferring common has held resistance. A transfer above would goal zero.91949 (38.2% retracement of the transfer down from the September 25 excessive).  

USDCHF

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