In the two videos below, we provide an update on technical lines of support and resistance to watch out for in mid-November. Trump’s victory certainly shifted the price for some pairs, but other remain remarkably stable.
Lines of support and resistance for the major pairs: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD and USD/CHF after the big risk-off move and subsequent bounce.
Lines of resistance and support for the following crosses: EUR/CHF, EUR/GBP, EUR/JPY, GBP/JPY, USD/MXN and we also top it off with WTI Oil. Things have also moved in crosses following the upset Trump victory.
Trade safely!