USD moves higher as bias tips to Trump early

Technical Analysis

The independent voters which account for 31% of the Georgia votes are leaning 54% to 43% for Trump. That was reverse from 2020 with Biden gaining from the independent voters.. Florida numbers are higher for Trump vs 2020 with 50% in and Trump leading 53.2% vs 45.9% in 2020. That was 51.2% to 47.9% in 2020. .

That has the USD moving higher.

EURUSD:The EURUS has moved down to test the 100-hour MA at 1.08787. The key 200-day MA and swing area is near 1.0870 area. Break below both would be shift more to the downside. Earlier, the high was up near the 38.2% at 1.09345 and the 100 day MA at 1.09418. The high price today reached 1.09365.

USDJPY: The USDJPY has moved back above the broken 100-day MA and looks toward the 100-hour MA at 152.307. Yesterday, the high price stalled the rally at the 100-hour MA. That increases the levels importance on the topside. The 200-hour MA comes in at 152.574. Break back above each shift the bias. It would also be a new high for the week.

GBPUSD: The GBPUSD is moving lower and tests the 100-day MA and the 100-bar MA on the 4-hour chart at 1.29876.. The price is back below the 1.3000 level There is the 200 hour MA at 1.2968 and the 100-hour MA at 1.29538 as downside targets.

PS yields are moving higher with the 30 year up 5.8 bps. The 2 year is up 4.0 basis points

Articles You May Like

Chinese stocks set for its first win in four years
Russian central bank surprises markets by holding key rate at 21%
XAUUSD SAVES the week | LIVE Forex Trading
Market Chaos Unfolds Despite Widely Expected Fed Hawkish Cut
Why gold remains vulnerable despite a sharp uptick on Friday