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Narrow Ranges To Start

FOREX

There have been narrow ranges with little follow through on moves across G-10 FX in early trade on Thursday. US Equity Futures are a touch lower and Oil is trimming some of its recent losses.

  • The AUD is a touch firmer, AUD/USD is up ~0.1%. Despite the recent fall the short term bull cycle remains in play. Support comes in at the 20-Day EMA ($0.6393), resistance is at $0.6523 high from Nov 6 and key resistance.
  • Kiwi is consolidating above $0.59 handle in narrow ranges. NZD/USD prints at $0.5910/15 and is little changed from opening levels.
  • Yen is marginally firmer, USD/JPY is down ~0.1% and has ticked away from the ¥151 handle in early trade. Technically the trend needle points north, resistance is at ¥151.72 high from Oct 31. Support is at ¥149.21 the low from Nov 3.
  • Elsewhere is G-10 there have been no moves of note and BBDXY is unchanged.
  • CPI and PPI data from China headlines in Asia today and are due in just over one hour.
Energy BulletsCommodities
Energy BulletsCommodities

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