[EURUSD]

Important Levels to Watch for:

- Resistance line of 1.18276 and 1.18550.

- Support line of 1.17390  and 1.17116.

Commentary/ Reason:

- The euro last traded at $1.1779 on Wednesday.

- The dollar has now lifted 1.4% from its early-September trough, making progress against the euro in the wake of comments from ECB chief economist Philip Lane, who said last week that the exchange rate mattered to monetary policy.

- The ECB meets on Thursday with any comments on the currency to be closely parsed.

EURUSD

 

[USDCHF]

Important Levels to Watch for:

- Resistance line of 0.92078 and 0.92267.

- Support line of 0.91466 and 0.91277.

Commentary/ Reason:

- The Swiss franc last changed hands at 0.9178 per dollar on Asian Wednesday trade.

USDCHF

 

[GBPUSD]

Important Levels to Watch for:

- Resistance line of 1.31611 and 1.32443.

- Support line of 1.28916 and 1.28083.

Commentary/ Reason:

- The pound traded at $1.2960 on Wednesday.

- The pound, which fell 1.5% against the dollar overnight, fell to six-week lows of $1.2949 in Asia and has lost nearly 4% in a little over a week against dollar and euro.

- Escalating concerns over Britain leaving the European Union without a trade agreement are weighing on sterling.

- Britain will set out its blueprint for life outside the European Union on Wednesday, publishing legislation a government minister acknowledged would break international law in a “limited way” and which could sour trade talks.

GBPUSD