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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

​​AUD/USD, EUR/JPY and USD/JPY stabilize ahead of US presidential debate​​

​​​AUD/USD, EUR/JPY and USD/JPY hold at support ahead of US presidential debate​​.

AUD Source: Adobe images

​​​AUD/USD topped out

AUD/USD's drop through its 22 August low at $0.6698 confirms a medium-term top formation with the 200-day simple moving average (SMA) at $0.6616 being eyed. 

Minor resistance sits at Wednesday's $0.6686 low and further up at the 22 August low at $0.6698. More significant resistance can be spotted at Friday's $0.6767 high. While below it, downside pressure should dominate.

AUD/USD chart Source: TradingView.com
AUD/USD chart Source: TradingView.com

EUR/JPY tries to level out

EUR/JPY tries to find support slightly above the 9 January low at ¥157.21.

The ¥160.00 region should still act as minor resistance

EUR/JPY chart Source: TradingView.com
EUR/JPY chart Source: TradingView.com

​USD/JPY tries to stabilize

USD/JPY tries to stabilize above its ¥141.70 early August low. Minor resistance is seen the late August ¥143.45 low.

​While no rise above the early September high at ¥145.55 is seen, downside pressure retains the upper hand.

USD/JPY chart Source: TradingView.com
USD/JPY chart Source: TradingView.com

This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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