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Antipodeans Lower In Asia, Narrow Ranges Elsewhere On Friday

FOREX

The Antipodeans are lower in Asia today, AUD and Kiwi continued moves seen late in yesterday's NY session before paring losses as US Tsys ticked higher. WTI has firmed back above the $90/barrel handle and US Equity Futures are lower.

  • Kiwi is the weakest performer in the G-10 space down ~0.3% a touch above YTD lows, last printing at $0.5830/35. Downside support now comes in at $0.5812, low from 19 Oct, the $0.58 handle and $0.5719 a Fibonacci projection.
  • AUD/USD is down ~0.2% at $0.6315/20. Technically the outlook remains bearish, support comes in at $0.6286 Low Oct 3 / 13 and the bear trigger. Upside resistance is seen at $0.6393 High Oct 18.
  • Yen is little changed looking through a mixed September CPI report and has dealt in narrow ranges today. Attention is on the 150.00 handle and the recent 150.16 high (Oct 3). A clear break of 150.00 would reinforce bullish conditions and open 150.40, a Fibonacci projection. On the downside, a breach of 147.43, Oct 3 low, would be an important bearish development.
  • Elsewhere in G-10 EUR and GBP are a touch lower however ranges have been narrow. BBDXY is up ~0.05%.
  • German PPI and UK Retail Sales provide the highlights in today's European session.

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