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1. What are the key technical levels in play for the major currency pairs as the week closes?

   In the video above, I take a look at the major currencies versus the US dollar from a technical perspective as the week comes to a close and traders look toward the new trading week.

   What is the bias, the risks and the targets for each?.

   Prepare for the new week, by understanding the key risk and bias defining levels for your trading.

   This article was written by Greg Michalowski at investinglive.com.

2. AUDUSD Technicals: The AUDUSD is breaking to a new high and away from the100 day MA

   The AUDUSD is breaking to a new high on the day with the price moving away from the 100 day MA at 0.65316 an above the ceiling for the week from yesterday's high and the earlier high for the day near 0.6540. That has given the buyers the go-ahead to push higher iwth 0.6551 and then another swing area at 0.6561 to 0.6564 as the next target above that level.

   The close traders risk is now the 0.6540 area and then the 100 day MA. Moving back below those levels would disappoint the buyers on the break(s) higher today.

   Meanwhile, the USDCAD is slicing through the swing area where I expected some short-term buying between 1.3968 and 1.3975. The low price as extended to 1.3939. The price is testing the 50% midpoint of the move up from the September swing low. That level comes in at 1.39367.

   This article was written by Greg Michalowski at investinglive.com.

3. US stocks higher. Major indices working on 4-days of gains

   The major US indices are trading higher in the shortened trading day today. The major indices will close at 1 PM ET.

   The gains of modest with the S&P up 0.24%, the Dow industrial average up 0.29%, and the NASDAQ index up 0.32%. Each of the major indices have been higher for 4 consecutive days. Can they make it 5?

   • Meta shares are up 1.17%
   • Nvidia shares are down -1.04%.
   • Microsoft is higher by 1.23%,
   • Alphabet is unchanged.
   • Amazon is up 1.19% as hopes for Black Friday sales propelled it.
   • Broadcom is up 0.94% and chipping away at the -1.84% decline for the month.
   • Apple shares are down -0.34%
   • Palantir is up 0.84%

   In other markets,

   • Gold is trading up $35 or 0.87% at $4198.5.
   • Silver continues its search to the upside trading up $1.94 or 3.64%. Silver is up 13.49% this month and up 10.41% this week.
   • Bitcoin is trading up $1000 at $92,340.
   • Crude oil is up $0.64 at $59.29

   This article was written by Greg Michalowski at investinglive.com.

4. USDCHF Technicals: The USDCHF has seen up and down trading today.

   The USDCHF is experiencing choppy two-way price action today as buyers and sellers fight for control. On the topside, the rally stalled inside a key swing zone between 0.8066 and 0.8076. The high reached 0.8071 before rotating lower, reinforcing the importance of that resistance area. A break above it is required to shift momentum and give buyers greater control. Until that happens, sellers remain very much “in play.”

   On the downside, focus is on the 100-bar MA on the 4-hour chart and the 61.8% retracement of the October downswing, both clustering near 0.8027. That zone needs to be broken—and held below— for sellers to strengthen their grip and push the bias more decisively lower.

   The video above outlines the technical battle lines as the tug-of-war continues.

   This article was written by Greg Michalowski at investinglive.com.

5. USDCAD Technicals: The USDCAD is pushing lower after better than expected GDP

   Canada GDP came in much stronger 2.6% versus 0.5% expected. According to StatCan "the rise in the third quarter was driven by a strengthening trade balance, as imports dropped and exports edged up. Increased capital investment was driven by government capital spending, as business investment was flat. Overall growth was dampened by declines in household and government final consumption expenditures as well as a slower accumulation of business inventory."

   It is an interesting development which may have economist looking more closely at the flow of goods into the country. I can see Canada shunning American goods in reaction to tariffs on their exports. However, it should be replaced by goods from alternative countries if it is not made internally. Was it a data collection issue as well because of the US shutdown. It is an outlier which demands watching going forward.

   The USDCAD started to tilt lower even before the data hit, and the selling accelerated after the release — raising the question of whether it was a leak or just thin conditions amplifying the move. The fall pushed the pair below the 50% retracement of the range from the late-October low, a level that sits at 1.40135. That midpoint now becomes a near-term risk marker for traders leaning toward further downside.

   On the downside, the next targets are the 61.8% retracement, followed closely by a key swing zone between 1.39684 and 1.39750. That area has been a major pivot for both buyers and sellers since early October, repeatedly acting as a point of rejection and reversal. A test of that zone today — or in the sessions ahead — is likely to be a critical battleground for control.

   Stay alert.

   This article was written by Greg Michalowski at investinglive.com.