The strengthening of the US dollar continued after the Presidential debate between Donald Trump and Joe Biden just ended better than before.
Nevertheless, price movements over the weekend slowed while expectations of the US economic stimulus package faded slightly and supported the strengthening of the US dollar in addition to expectations of continued profit-taking activity since the beginning of the week.
The strengthening of the US dollar since Thursday's trading has seen a decline in the value of other major currencies in the market.
Similarly, the Japanese Yen was weak again after a significant strengthening was displayed last Wednesday against the US dollar as shown on the price chart of the USD / JPY pair.
The price increase again tested the SBR (support become resistance) zone 104.900 and also the Moving Average 50 (MA50) barrier level in the 1 hour time frame of price movement.
Prices are seen struggling to continue rising with a decline at the start of the Asian session and leveling around 104.700.
If the US dollar manages to maintain its strength, higher prices are expected to once again reach the focus zone around 105,500 at last Wednesday's price fall.
On the other hand, if the price decline occurs again, the support zone 104.00 will be the next price focus that was tested in last September's trading.
