Steady Start, Docket Light Today

There has been a steady start across G-10 FX, ranges are narrow with little follow through on moves. Cross asset flows are also muted, WTI is flat as are Tsys and US Equity Futures.

• AUD/USD prints at $0.6575/80, the pair has ticked away from Friday's NY lows. The uptrend remains intact, resistance comes in at $0.6623, high from Dec 5, and $0.6691, high from Dec 4 and bull trigger. Support is at the 20-Day EMA ($0.6553).
• Kiwi is little changed from Fridays closing levels, a $0.6115/30 range has persisted for the most part. Technically the pair remains in an uptrend, a reminder that last week the 20-Day EMA ($0.6088) crossed the 200-Day EMA ($0.6073) signalling more potential upside. Bulls target a break of $0.6223, high from 4 Dec, this opens $0.63 handle. On the downside bears immediate focus is on the 20-Day EMA to turn the tide.
• Yen is pressured but only marginally. USD/JPY has ticked above the ¥145 handle. Technically USD/JPY has broken the trendline drawn from the Mar 24 low and maintains a softer tone. Support comes in at ¥141.71, low from Dec 7, and ¥140.71, 76.4% proj of Jul 14-Nov13 bull run. Resistance is at ¥146.23, low from Dec 4.
• There are no other moves of note in the G-10 space as of yet this morning.
• Data-wise the docket is light today with no further releases of note due.