The USD has held lower in early dealing.......>

FOREX: The USD has held lower in early dealing this week. 

- The USDJPY cross continues to operate in the lower echelons of the 106 handle;

technicals now look to 105.50, the monthly high from Oct 2016, while 106.91,

hourly resistance from Feb 16, now caps.

- The AUD awaits the release of the latest RBA meeting minutes tomorrow, with

the AUDUSD currently capped by 0.7941 while initial support stands at 0.7889.

- Kiwi risk events are back loaded this week, with a focus on Friday's retail

sales. NZDUSD resistance lies at 0.7415, while support is seen around 0.7364.

- A lack of progress in Brexit discussions has done little to hurt GBP in early

dealing with cable hovering around 1.4050. 1.4086 provides the initial point of

interest to the upside, with hourly support from Feb 14 seen at 1.3974.

- EURUSD has lodged modest gains thus far, with 16 Feb's hourly resistance

providing the initial hurdle to further gains at 1.2461 and support seen at

1.22384.