| What levels are in play(and why) for the major currency pair to start the new trading day |
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Swing area support and 100 day MA comes in between 0.6685 – 0.6696. Resistance at a swing area starting at 0.67429
The kickstart video for Oct 9 looks at the technicals that drive the three major FX pairs
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The EURUSD rotates lower and toward key technical support. The GBPUSD bounces ahead of the 50% retracement again. The USDJPY also bounced off a key corrective support target. A special look at the NZDUSD after the RBNZ 50 bp rate cut.
The AUDUSD fall below MA and retracement support and runs to the downside
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The AUDUSD fell below the 200 bar MA on the 4-hour chart snd the 50% of the move up from the September low at 0.67813.
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