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Antipodeans Marginally Trim Losses In Early Trade

FOREX

The Antipodeans have marginally trimmed yesterday's losses in early dealing, however ranges do remain narrow thus far in Asia. Cross asset flows are muted; US Tsys are little changed and e-minis are a touch firmer.

  • AUD/USD is up ~0.1% and sits at the top of the 10 pip range observed thus far. At the bottom of the hour Q3 GDP is due. Despite yesterday's fall the uptrend remains intact, resistance comes in at $0.6623 the high from Dec 5. Support is at $0.6547 20-day EMA.
  • Kiwi is also up ~0.1%, NZD/USD last prints at $0.6135/40. There hasn't been much follow through on the move higher, bulls target the $0.61 handle and support is at the 200-Day EMA ($0.6070).
  • Yen is unchanged thus far, the local docket is empty today. Technically support comes in at ¥146.23, Dec 4 low, and resistance is at ¥148.51, high from Nov 30.
  • There have been no other moves of note in the G-10 space this morning.
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