October 10, 2024 06:35 GMT
USD: NZD and AUD lead in G10
USD
- The Dollar traded closer to flat across G10s overnight, but the standout Currencies were the Kiwi (up 0.40%), and the Aussie (up 0.25%) on the hope of fresh Economic measure in China set to be announced on Saturday.
- Risk On has in turn played its part, and while the Estoxx and the Emini are seeing some early selling, the Emini and in turn the SPX printed new record highs Yesterday prompting some unwind in ESZ4 as it pushed into overbought territory, and at the Psychological 5800.00 level in SPX, printed a 5796.80 new record high.
- Both NZD and AUD are slightly off their best level post the EGB Cash open, and NZDUSD has also found support at the noted 0.6052 level Yesterday after it printed a 06053 low Yesterday Afternoon.
- Resistance in NZDUSD moves down to the 0.6115 area initially.
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