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Antipodeans Trim Wednesday's Losses

FOREX

The Antipodeans have firmed in Asia trimming some of Wednesdays losses, US Tsy Yields have ticked lower and the Bloomberg Commodity Index has ticked higher.

  • AUD/USD is up ~0.4% and last prints at $0.6375/80. The pair looked through a weaker than forecast Retail Sales print in August (0.2% M/M vs exp 0.3%). The trend condition remains bearish and support now comes in at $0.6287, 2.000 projection of the Jun 16-Jun 29-Jul 13 price swing. Resistance comes in at the 20-Day EMA ($0.6435).
  • Kiwi is firmer, NZD/USD is up ~0.4% and sits at $0.5945/50. The pair has continued the move seen late in yesterdays NY session and now targets the Sep 22 high ($0.5989) after recovering above the 20-Day EMA today.
  • The Yen is a touch firmer however ranges have been relatively narrow. USD/JPY last prints at ¥149.40/45. The trend continues to be bullish, resistance comes in at ¥147.71, high from Oct 24 2022. Support is at ¥147.29, the 20-Day EMA.
  • Elsewhere in G-10 there hasn't been much movement and ranges have been narrow.
  • Regional German CPI provides the highlight in Europe today.
Energy BulletsCommodities
Energy BulletsCommodities

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