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Steady Start Across G-10

FOREX

There has been a steady start to Friday's dealing across G-10 FX, ranges are narrow with little follow through on moves. Cross asset flows are muted; US Equity Futures are a touch lower as are US Tsy Yields.

  • AUD/USD sits a touch below the $0.68 handle as Thursday's gains are trimmed. Technically bullish trend conditions persist, resistance is at $0.6821 High Jul 27 and $0.6847 High Jul 20. Support comes in at $0.6655 Low Dec 14.
  • Kiwi is consolidating gains in a narrow range below the $0.63 handle. NZD/USD last prints at $0.6290/95.
  • Yen is a touch firmer, USD/JPY sits at ¥142.05/10. National CPI for November was on the wires this morning and was in line with estimates. Support in the pair comes in at ¥140.97/71 Low Dec 14 / 76.4% of the Jul 14 - Nov 13 bull run. Resistance is at ¥144.96/145.26 High Dec 19 / 76.4% of the Dec 11 - 14 sell-off.
  • There are no other moves of note in G-10.
  • Private Sector Credit for November from Australia at the bottom of the hour is the only remaining data of note in Asia.

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