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Antipodeans Firm in Asia

FOREX

The Antipodeans have firmed in Asia extending Thursdays gains as firmer regional equities, the Hang Seng is up ~2%, boost sentiment.

  • Kiwi is the strongest performer in the G-10 space at the margins. NZD/USD has broken the $0.60 handle in recent dealing and is now up ~0.7%. ANZ Consumer Confidence rose to its highest level since January 2022.
  • AUD/USD is up ~0.5% and last prints at $0.6455/60. THe pair has ticked away from the 20-Day EMA ($0.6427), the next upside resistance level is at $0.6522 high from Sep 1. Support comes in at $0.6331 low from Sep 27.
  • The Yen is little changed from opening levels and ranges have been relatively narrow. USD/JPY last prints at ¥149.35/40. The trend continues to be bullish, resistance comes in at ¥149.71, high from Oct 24 2022. Support is at ¥147.67, the 20-Day EMA.
  • Elsewhere in G-10, EUR and GBP are following the broader USD move and are up ~0.1%. BBDXY is ~0.1% lower.
  • The final Q2 GDP read from the UK provides the highlight in Asia today.
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