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Antipodeans Pressured In Recent Dealing

FOREX

The antipodeans have been pressured in recent dealing, extending early losses. AUD and NZD are both down 0.3%, US equity futures have retreated from early highs and USD/CNH is higher as lack of details on fresh Chinese stimulus weighs on risk appetite at the margins.

  • AUD/USD prints at $0.6850/55, support comes in at the high from May 10 ($0.6818). NZD/USD prints at $0.6215/20, the 20-Day EMA is at $0.6157.
  • BBDXY is up ~0.1%, NOK is also pressured however liquidity is generally poor in Asia. GBP, EUR and JPY are all little changed thus far.

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