EUR/USD
The EUR rose 1.12% against the USD and closed at 1.2652. On the macro front, the Sentix consumer confidence in the Euro-zone eased for the third consecutive month in October to -13.7, registering its lowest level since May 2013. The pair is expected to find support at 1.2525, and a fall through could take it to the next support level of 1.2439. The pair is expected to find its first resistance at 1.2686, and a rise through could take it to the next resistance level of 1.2761. Trading trends in the Euro today are expected to be determined by Germany’s industrial production data, set for release in a few hours.
GBP/USD
The GBP rose 0.75% against the USD and closed at 1.6077.In economic news, new car registrations in the UK registered a rise of 5.6%, on an annual basis, in September. It follows an increase of 9.4% registered in the prior month. The pair is expected to find support at 1.5961, and a fall through could take it to the next support level of 1.5891. The pair is expected to find its first resistance at 1.6101, and a rise through could take it to the next resistance level of 1.6171. Trading trends in the Pound today would be mainly determined by the NIESR’s UK GDP estimate for the three months to September, scheduled later in the day.
USD/JPY
The USD weakened 0.90% against the JPY and closed at 108.82. The pair is expected to find support at 108.68, and a fall through could take it to the next support level of 108.14. The pair is expected to find its first resistance at 109.71, and a rise through could take it to the next resistance level of 110.21. Going forward, market participants await Japan’s leading economic as well as coincident indices data, scheduled shortly.
USD/CHF
The USD declined 0.97% against the CHF and closed at 0.9586. The pair is expected to find support at 0.9562, and a fall through could take it to the next support level of 0.9509. The pair is expected to find its first resistance at 0.9673, and a rise through could take it to the next resistance level of 0.9731.Meanwhile, investors would keep a close eye on Swiss consumer prices data, scheduled in a few hours.