AUD/USD, EUR/JPY and USD/JPY stabilize ahead of US presidential debate
AUD/USD, EUR/JPY and USD/JPY hold at support ahead of US presidential debate.
AUD/USD topped out
AUD/USD's drop through its 22 August low at $0.6698 confirms a medium-term top formation with the 200-day simple moving average (SMA) at $0.6616 being eyed.
Minor resistance sits at Wednesday's $0.6686 low and further up at the 22 August low at $0.6698. More significant resistance can be spotted at Friday's $0.6767 high. While below it, downside pressure should dominate.
EUR/JPY tries to level out
EUR/JPY tries to find support slightly above the 9 January low at ¥157.21.
The ¥160.00 region should still act as minor resistance
USD/JPY tries to stabilize
USD/JPY tries to stabilize above its ¥141.70 early August low. Minor resistance is seen the late August ¥143.45 low.
While no rise above the early September high at ¥145.55 is seen, downside pressure retains the upper hand.
This information has been prepared by IG, a trading name of IG Australia Pty Ltd. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Start trading forex today
Trade the largest and most volatile financial market in the world.
- Spreads start at just 0.6 points on EUR/USD
- Analyse market movements with our essential selection of charts
- Speculate from a range of platforms, including on mobile
Live prices on most popular markets
- Forex
- Shares
- Indices
