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Antipodeans Pressured In Asia

FOREX

The Antipodeans are lower in today's Asian session, AUD extended losses after slowing Australian job growth with lower US Equity Futures and regional equities also weighing on sentiment. The US Tsy curve has bear steepened. BBDXY is up ~0.1%.

  • AUD/USD is down ~0.6% and sits a touch above the $0.63 handle. Technically the trend outlook is bearish, the pair is supported at $0.6286 low from Oct 3. Resistance is at $0.6445, high from Oct 11.
  • Kiwi is also pressured, NZD/USD is ~0.5% and is sitting at a fresh cycle low at $0.5825/36. AUD/NZD ticked away from its 200-Day EMA and now sits marginally above the $1.08 handle.
  • Yen is a touch firmer and is the strongest performer in G-10 this morning. USD/JPY is ~0.1% and has ticked away from the ¥150 handle. Resistance in USD/JPY remains at ¥150.16, Oct 3 high and bull trigger. Support is at the 20-Day EMA (¥148.74).
  • Elsewhere in G-10 EUR and GBP are lower however ranges are narrow. NOK is down ~0.3% however liquidity is generally poor in Asia.
  • The docket is light in Europe today, Fedpseak from Chair Powell headlines on Thursday.
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