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Antipodeans Ticking Lower

FOREX

The Antipodeans are ticking lower through the Asian session, the move lower in AUD and NZD has been seen alongside pressure on the Hang Seng and US Tsys retreating from session highs. Asian equities are following US Markets lower as FOMC rate cut expectations for 2024 are wound back.

  • AUD/USD is down ~0.3%. The pair sits a touch above the $0.66 handle. Support is at the 20-Day EMA ($0.6539).
  • NZD/USD is also down ~0.3%, NZD/USD prints at $0.6145/50. On the downside bears focus on the 200-Day EMA ($0.6069).
  • Elsewhere in G-10 flows are mainly muted, EUR and GBP are little changed. CAD is a touch pressured however ranges remain narrow.

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