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USD Marginally Firmer In Asia

FOREX

The greenback has marginally extended recent gains in Asia on Tuesday, BBDXY is up ~0.1% and sits above yesterdays highs. The advance in the USD was seen alongside Tsys and US Equity Futures retreating from session highs.

  • Kiwi is the weakest performer in the G-10 space at the margins, NZD/USD is down ~0.3% last printing at $0.5925/30. The pair now sits below the 20-day EMA, bears target low from Sep 21 ($0.5896) and $0.5859 (6 Sep low).
  • AUD is also pressured, AUD/USD was unable to hold early gains above the $0.64 handle and sits at $0.6380/85. The trend condition remains bearish, support comes in at $0.6357, low from Sep 6 and bear trigger.
  • Yen sits a touch above the ¥149 handle, there has been no follow through on moves today thus far. The trend continues to be bullish, resistance comes in at ¥149.10, High from Oct 25 2022, and ¥147.71, high from Oct 24 2022. Support is at ¥147.29, the 20-Day EMA.
  • Elsewhere in G-10, EUR and GBP are following the broader USD trend and are down ~0.1%.
  • There is a thin docket in Europe today.
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