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MYR

Firmer Start

FOREX

AUD Leads G10 Pack, Volatility Subdued

US TSYS

Marginally Cheaper Early On

AUSSIE BONDS

YM Nudges Lower On Lack Of YCT Purchases

RBA

ACGB Purchase Offer Details

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  • USDMXN rallied yesterday but is lower so far today. Yesterday's gains strengthen a bullish theme following the recent failure to challenge a key support at 19.8004, Jul 30 low. A resumption of strength would set the scene for a climb towards a key resistance level at 20.4564, Aug 20 high and an important bull trigger. On the downside, a break of 19.8004 is required to reinstate a bearish threat.
  • USDBRL traded higher yesterday. Friday's climb and yesterday's gains have seen the pair pressure resistance at 5.3333, Sep 8 high. A clear breach of this hurdle would pave the way for strength towards 5.4741, Aug 20 high. Key short-term support has been defined at 5.1163, Aug 31 low.
  • USDCLP maintains a bullish tone following the recent recovery from 762.13, Sep 1 low. The focus remains on 795.73, Aug 9 high and the bull trigger. Clearance of this hurdle would confirm a resumption of the uptrend that started May 10 and open 800.00 and 803.49, Oct 15, 2020 high. Key support is unchanged at 762.13.