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Narrow Ranges In Early Trade

FOREX

Narrow ranges have been observed across G-10 FX in early trade on Friday, there has been little follow through on moves thus far.

  • AUD/USD is unchanged from opening levels, last printing at $0.6425/30. The pair is sitting on the 20-Day EMA ($0.6427), the next upside resistance level is at $0.6522 high from Sep 1. Support comes in at $0.6331 low form Sep 27.
  • Kiwi is a touch firmer however there has been little follow on moves thus far.
  • The Yen is a touch firmer however ranges have been relatively narrow. USD/JPY last prints at ¥149.35/40. The trend continues to be bullish, resistance comes in at ¥149.71, high from Oct 24 2022. Support is at ¥147.67, the 20-Day EMA.
  • Cross asset wise; the start to Fridays session has been muted. US Tsy Yields and BBDXY are unchanged as are e-minis.
  • Private Sector Credit from Australia is due in just over an hour and is the last data of note in the Asian session today.
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