The US Dollar started the week on the backfoot as the odds of a Harris victory jumped higher leading to a pullback in the Trump’s trades. Everything hinges on the US election now with a red sweep seen as the most bullish scenario for the greenback, while a blue sweep as the most bearish. The price action will likely be choppy until we start to get a better sense of who’s going to win, so the best strategy would be to wait for the results, because the trend that will be set will likely last for months anyway. On the 1 hour chart, we can see more clearly the rangebound price action of the last few days as the market awaits the US election result. There’s not much else we can add here as the election noise will likely lead to a choppy price action until we get the results. The red lines define the average daily range for today. Upcoming Catalysts Today is the US Presidential Election Day but we will also get the US ISM Services PMI report. On Thursday, we have the US Jobless Claims and the FOMC Policy Decision. On Friday, we conclude the week with the Canadian Labour Market report and the US University of Michigan Consumer Sentiment report.