Major Currency Pairs: Support and Resistance Levels for October 6th 2016

Written by Miroslav Marinov

Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.

, | Updated: October 30, 2024

USD/CHF

R1 – 0.9748
R2 – 0.9754
R3 (Range Resistance – Sell) – 0.9760
R4 (Long Breakout) – 0.9777
R5 (Breakout Target 1) – 0.9797
R6 (Breakout Target 2) – 0.9805

S1 – 0.9736
S2 – 0.9730
S3 (Range Support – Buy) – 0.9725
S4 (Short Breakout) – 0.9707
S5 (Breakout Target 1) – 0.9687
S6 (Breakout Target 2) – 0.9679

USD/JPY

R1 – 103.59
R2 – 103.69
R3 (Range Resistance – Sell) – 103.78
R4 (Long Breakout) – 104.06
R5 (Breakout Target 1) – 104.38
R6 (Breakout Target 2) – 104.52

S1 – 103.41
S2 – 103.31
S3 (Range Support – Buy) – 103.22
S4 (Short Breakout) – 102.94
S5 (Breakout Target 1) – 102.62
S6 (Breakout Target 2) – 102.48

AUD/USD

R1 – 0.7627
R2 – 0.7632
R3 (Range Resistance – Sell) – 0.7637
R4 (Long Breakout) – 0.7652
R5 (Breakout Target 1) – 0.7669
R6 (Breakout Target 2) – 0.7676

S1 – 0.7617
S2 – 0.7612
S3 (Range Support – Buy) – 0.7607
S4 (Short Breakout) – 0.7592
S5 (Breakout Target 1) – 0.7575
S6 (Breakout Target 2) – 0.7568

NZD/USD

R1 – 0.7180
R2 – 0.7186
R3 (Range Resistance – Sell) – 0.7191
R4 (Long Breakout) – 0.7209
R5 (Breakout Target 1) – 0.7229
R6 (Breakout Target 2) – 0.7237

S1 – 0.7168
S2 – 0.7162
S3 (Range Support – Buy) – 0.7157
S4 (Short Breakout) – 0.7139
S5 (Breakout Target 1) – 0.7119
S6 (Breakout Target 2) – 0.7111

EUR/USD

R1 – 1.1209
R2 – 1.1213
R3 (Range Resistance – Sell) – 1.1217
R4 (Long Breakout) – 1.1229
R5 (Breakout Target 1) – 1.1243
R6 (Breakout Target 2) – 1.1249

S1 – 1.1201
S2 – 1.1197
S3 (Range Support – Buy) – 1.1193
S4 (Short Breakout) – 1.1181
S5 (Breakout Target 1) – 1.1167
S6 (Breakout Target 2) – 1.1161

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Gold extends losses on U.S. data, Fed comments Gold fell to a three week low on Tuesday as more upbeat U.S. data reinforced speculation that the Federal reserve may begin tapering its bond purchasing program in the near future.On the Comex division of the New York Mercantile Exchange, […]
Gold trading outlook: futures gain on expectations of hike delay Gold edged up on Thursday, drifting further away from a seven-week low, as traders evaluated the prospects of an extended period of low interest rates after the speech of Federal Reserve Chair Janet Yellen.Comex gold for delivery in April […]
USD/PHP: Peso hits fresh 6-week low as Philippine inflation slows Key pointsPeso registers fresh 6-week low against US Dollar Philippine inflation slows in July, but still above BSP target BSP ready to tighten policy if neededThe Philippine Peso registered a fresh six-week low […]
Australian economic data shot AUD/USD higher On Thursday Australian dollar pushed higher against its US counterpart on the release of optimistic Buildings Approvals data from Australia. US dollar was still weak versus most major currencies.AUD/USD reached 0.9699 during late Asian […]
McDonald’s Corp. share price, to revise its food-safety strategy in China After facing problems with a supplier in China, McDonalds Corp. is in the process of overhauling its food-safety strategy in the Asian country to recover from a blow to its reputation and sales.The fast food chains China division said in a […]
Silver hits 14-year high as US shutdown fuels haven demand Spot Silver extended gains to a fresh 14-year high of $47.56/oz. on Wednesday, since the US government shutdown fueled demand for safe-haven metals after lawmakers did not secure a temporary funding deal.As a result, hundreds of thousands […]

Related News