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USD On The Defensive As Asia Comes Online

FOREX

USD weakness is kicking in as Asia-Pac financial centres come online and react to the FOMC. EUR/USD tags a fresh cycle high in the process, pushing above $1.10. That cross has pushed through the 3.00 projection of the Sep 28-Oct 4-Oct 13 price swing ($1.1022), with the next area of technical resistance coming in at the Apr 4 2022 high ($1.1054). AUD/USD has also printed a fresh cycle high.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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