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Antipodeans Firm In Asia

FOREX

The Antipodeans are firmer in Asia today, the Kiwi is the best performer in the G-10 space with the AUD also outperforming. US Equity Futures are higher and US Tsys have trimmed Fridays gains. BBDXY is ~0.1% lower

  • Kiwi has held onto its early gains and is now consolidating above the $0.59 handle. The majority of Friday's losses have been erased. Bulls focus on the 20-Day EMA ($0.5952). The impending change of government in New Zealand has boosted sentiment today.
  • AUD/USD is up ~0.4% and is consolidating above $0.63 after being supported ahead of $0.6287 2.00 projection of the Jun 16-Jun 29-Jul 13 price swing. Resistance in the pair comes in at $0.6445, high from Oct 11.
  • Yen is a touch firmer, USD/JPY has observed narrow ranges with little follow through on moves. Technically the pair remains in an uptrend, resistance comes in at ¥15016, high from Oct 3 and bull trigger.
  • Elsewhere in G-10 the Scandies are firmer however liquidity is generally poor in Asia.
  • The data docket is thin on Monday in Europe.
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