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Muted Start Across G-10 FX

FOREX

There has been a muted start to Wednesdays dealing across G-10 FX, ranges have been narrow with little follow through on moves.

  • AUD/USD sits little changed and is a touch below the $0.64 handle. The trend condition remains bearish, support comes in at $0.6357, low from Sep 6 and bear trigger. Resistance is at $0.6499, 50-Day EMA.
  • Kiwi is marginally outperformer its peers however a narrow ~10 pip range has persisted.
  • Yen sits a touch above the ¥149 handle, there has been no follow through on moves today thus far. The trend continues to be bullish, resistance comes in at ¥149.10, High from Oct 25 2022, and ¥147.71, high from Oct 24 2022. Support is at ¥147.29, the 20-Day EMA.
  • Cross asset wise; US Equity Futures have trimmed yesterday's losses, e-minis are up ~0.2%. US Tsy Yields are a touch lower. The USD is unchanged.
  • In just over one hour CPI data from Australia provides the highlight of the Asian session today, a rise of 5.2% Y/Y is expected.
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