Free Trial

AUD Firms In Early Dealing


The AUD is the strongest performer in the G-10 space at the margins in early dealing on Monday, benefitting from the improved risk sentiment after China cut stock stamp duty over the week.

  • AUD/USD is up ~0.2% and last prints at $0.6415/20. Despite today's price action technically the outlook for Aussie is bearish, support comes in at $0.6535 (low from Aug 17) and resistance is at $0.6488 (high from 24 Aug).
  • Kiwi is a touch firmer, NZD/USD has dealt in a narrow range consolidating above the $0.59 handle.
  • Yen is marginally pressured as US Tsy Yields are firmer in early trade. USD/JPY remains in an uptrend, resistance is at ¥146.63 (high from Aug 25 and bull trigger) and ¥146.93 (8 Nov 22 high). Support comes in at ¥144.39 (20-Day EMA).
  • Elsewhere in G-10, cable is higher and EUR is little changed.
  • Cross asset wise; e-minis are up ~0.1% and BBDXY is a touch lower. US Tsy Yields are ~1bp higher across the curve.
  • Australia Retail Sales for July are the only data of note in the Asian session.

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.