Antipodeans Marginally Pressured In Asia, NFP In View

The Antipodeans are marginally pressured in Asia, AUD and NZD were unable to hold gains seen after the PBOC cut the forex reserve requirement ratio and Caixin PMI was stronger than forecast.

• AUD/USD is the weakest performer in the G-10 space at the margins down ~0.2%, last printing at $0.6470/75. A gain of as much as 0.2% was reversed through the session. The trend condition of the pair remains bearish, Support comes in at $0.6365, low from Nov 17 and bear trigger. Resistance is at $0.6522 the Aug 30 high.
• Kiwi has also trimmed early gains to sit softer, last printing at $0.5955/60. ANZ Consumer Confidence ticked higher in August rising 1.6% M/M to 85.0. Bears look to break the low from 25 Aug ($0.5886) which opens $0.5841 (low from 10 Nov 22).
• Yen is little changed and has dealt in narrow ranges in Asia today. Technically the uptrend remains intact, resistance is at ¥147.37 (Aug 29 high) and support is at ¥145.01 (20-Day EMA).
• Elsewhere in G-10 ranges have been narrow with little follow through on moves. EUR and GBP are both a touch lower.
• Cross asset wise; US Tsy Yields are little changed as is BBDXY. E-minis are up ~0.1% and Hong Kong Exchange has cancelled morning trading after a Typhoon warning.
• The NFP print headlines Friday's docket, the MNI preview is here.