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Some key levels ahead

USD
  • The Dollar is fading some of its overnight gains, after being mostly in green across G10, besides against the Kiwi.
  • NZD still leads , but AUD, NOK and JPY are also leaning in the green now.
  • CAD, GBP, EUR and CHF are circa flat.

Despite a more range bound price action, few levels to watch out for:

  • USDCNY is close to the 7.3274, the November high and also the highest print since 2007.
  • Yen is up 0.10%, but USDJPY is nonetheless still quite elevated and not far from the next psychological 148.00 level.
  • USDSEK continues to trade at its highest level since November, printed Yesterday at 11.1414. Further upside momentum, opens to 11.20 and 11.2416, the November high.

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