U.S. Dollar advances against the major currencies.
Asian and European trading sessions:
Euro: During the beginning of the Asian trading session the Euro showed gains against the U.S. dollar as the confidence for the ability to limit the Italian debt reinforced.
But the European session showed the selling of the European currency, when the EUR/USD pair fell to its session low at $1.3615 area. The pressure on the dynamics of the euro was received from a weak report about the industrial production in the EU, which decreased in September by 2.0 % (MoM).
US Dollar: Amid the falling stock markets in Europe, the U.S. Dollar strengthened against the major currencies. The Dollar Index rose today to 77.70 level.
British Pound: The GBP/USD pair got hammered today and fell to the region of $1.5920. The reason for that was the statement of Charter institute of personnel and development which stated that its index of hire of Great Britain fell to – 3 in the fourth quarter versus – 1 in the previous quarter.
Japanese Yen: The USD / JPY pair showed its low at Y76,81 area, but later the pair recovered above the level of Y77,10.
New Zealand Dollar: The New Zealand Dollar rose at the beginning of the Asian trading session after the government’s report, which showed that retail sales grew by the 2.2% in 3Q, adding that the economy remains stable.
American trading session:
Swiss Franc: The Swiss franc dropped against the U.S. Dollar after the release of statistics showing that the producer and import price index in October fell by 1.8% over the previous year.
Technical analysis for 15/11
EURUSD
The pair has declined to 1.35984 and may decline to Fibonacci 50% at 1.35015.
Resistance: 1.37486, 1.38554, 1.39600
Support: 1.35984, 1.34882, 1.33143
GBPUSD
The pair has broken daily channel and may decline to the Moving Average (500) at 1.57826.
Resistance: 1.60322, 1.62050, 1.63316
Support: 1.58543, 1.56722, 1.54842
USDCHF
The pair has reached 0.91079. If this level is broken the pair will rise to 0.92026.
Resistance: 0.91079, 0.92026, 0.93069
Support: 0.89635, 0.88418, 0.87214
USDJPY
The pair has broken 77.539 and aiming to 76.463.
Resistance: 77.539, 78.345, 79.070
Support: 76.463, 75.425, 74.414
AUDUSD
The pair’s support is 1.01744. Resistance 1.02558. If the pair breaks support 1.01744 the pair will decline to 1.00907.
Resistance: 1.02558, 1.03535, 1.04407
Support: 1.01744, 1.00907, 1.00067