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Narrow Ranges To Start In Asia

FOREX

Narrow ranges have been observed across G-10 space in Asia in early trade on Wednesday. Oil prices are firmer after the cancelation of a summit in Jordan between President Biden and Arab leaders. US Equity Futures are lower however there has been little spillover to Tsys.

  • AUD/USD prints at $0.6360/65, the Westpac Leading Index rose 0.07% M/M in September. Technically AUD/USD is bearish, the pair is supported at $0.6286 low from Oct 3. Resistance is at $0.6445, high from Oct 11.
  • Kiwi is marginally softer however ranges are narrow thus far. NZD/USD is consolidating below $0.59.
  • Yen is a touch firmer however ranges have been narrow thus far. Resistance in USD/JPY remains at ¥150.16, Oct 3 high and bull trigger. Support is at the 20-Day EMA (¥148.74).
  • Elsewhere EUR and GBP are ~0.1% lower.
  • In just over 90 minutes China's GDP and economic activity data crosses, which headlines the Asian session today.
Energy BulletsCommodities
Energy BulletsCommodities

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