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Pressure Extends On Antipodeans


The Antipodeans have extended losses in recent dealing, Kiwi sits a touch above YTD lows and the AUD is testing the $0.63 handle. US Equity Futures have fallen, and WTI is up ~1% as concerns on the spillover of the Israel/Hamas conflict escalate.

  • NZD/USD is down ~0.4% and sits at $0.5825/30. A reminder downside support now comes in at $0.5812, low from 19 Oct, the $0.58 handle and $0.5719 a Fibonacci projection.
  • AUD/USD sits at $0.6310/15 and is ~0.3% lower today. Support comes in at $0.6286 Low Oct 3 / 13 and the bear trigger.
  • Yen is a touch pressured, USD/JPY is nudging towards the ¥150 handle. EUR and GBP are both following the broader USD move and are down ~0.1%.

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