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Broadbase buying ahead of data

USD
  • Upside continuation for the USD with a broader buying interest going through.
  • New session high versus EUR, GBP, AUD, NZD, SEK, NOK, CHF, CAD, SGD.
  • Some positioning ahead of US data coming into focus at the bottom of the hour.
  • Tnotes are so far unmoved, but look better offered on the margin
  • Next support in EURUSD comes at 1.2127
  • WATCH AUDUSD testing MNI tech immediate support at 0.7688, but see better at 0.7675 Low May 4 and key support

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