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Taking its cues from the Risk Off

FOREX
  • FX crosses take their cues from Oil and Risk, and as such AUD and NZD are under pressure on the back of Risk Off, but they are holding onto gains against the likes of the NOK and CAD, with Oil under pressure.
  • On the other hand, JPY and CHF are up against all G10s, albeit close to flat vs the EUR.
  • EUR has performed well against risk and commodity tied currencies
  • EURUSD sees next resistance at 1.1374 High Nov 18 and the 20-day EMA

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