Dollar was weak during the Asia trading session. The only data out of America yesterday was Empire State Manufacturing Survey.

Empire State Manufacturing Survey
Business activity continued to decline in New York State, according to firms responding to the October 2016 Empire State Manufacturing Survey. The headline general business conditions index slipped five points to -6.8. The new orders index edged up but remained negative at -5.6, indicating an ongoing drop in orders, and the shipments index increased to -0.6, suggesting that shipments were essentially flat. Labor market conditions remained weak, with both employment levels and the average workweek reported as lower. Price indexes increased somewhat, and continued to signal moderate input price increases and a slight increase in selling prices. Indexes for the six-month outlook suggested that manufacturing firms expect conditions to improve in the months ahead. Full Report

Today’s Tier 2 and 3 Data Releases
1. Core CPI (YoY) (Sep)
2. Core CPI (MoM) (Sep)
3. CPI (MoM) (Sep)

USDollar H4

Price is currently at support though below the 21 EMA with converging moving averages indicating a slowdown in bullish trend. Price came off of WM3 yesterday which gives bears a target of WM1. WM1 coincides with the 50% fib retracement of the swing low on 30 Sep and swing high 13 October. Resistance is identified in the fib zone of the yesterday's swing high and the most recent swing low. Keep an eye on the 21 EMA. Notice that price has not made a lower low at the time of writing this report.

USDollar H1

Price is currently at support. Resistance is identified in the fib as per the swing high and swing low mentioned in the description under the H4 chart. Keep an eye on the 21 EMA.

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