AUD
Support / Resistance
vs USD 0.6467 / 0.6632 ⬇
vs HKD 5.0593 / 5.1876
AUD fell against the dollar yesterday after US durable goods data exceed expectations, but consumer confidence dips slightly in the face of inflation concerns. Market eyes turn to Australian CPI data for further direction. AUDUSD fell 0.11% yesterday while AUDHKD ended at 5.11 level.
EUR
Support / Resistance
vs USD 1.0760 / 1.0940 ⬇
vs HKD 8.4170 / 8.5579
EUR fell against the dollar yesterday due to USD strength, buoyed by durable goods data. Additionally, dovish comments from ECB Governing Council member Muller undermined EUR. EURUSD fell 0.06% yesterday while EURHKD ended at 8.47 level.
GBP
Support / Resistance
vs USD 1.2500 / 1.2821 ⬇
vs HKD 9.7778 / 10.0298
GBP weakened against the dollar yesterday as investors expect that the Bank of England will be more dovish this year than previously anticipated, driven by lower-than-anticipated inflation data in January and February. GBPUSD fell 0.07% yesterday while GBPHKD ended at 9.87 level.
NZD
Support / Resistance
vs USD 0.5919 / 0.6151 ⬇
vs HKD 4.6307 / 4.8118
NZD ended slightly higher after mixed US data seen has failed to provide a significant boost to the USD. Concerns over stunted economic growth and the slump in the GDP numbers weigh on the Kiwi. NZDUSD rose 0.03% yesterday while NZDHKD ended at 4.69 level.
CNH
Support / Resistance
vs USD 7.1858 / 7.2963 ⬇
vs HKD 1.0718 / 1.0888
CNH rose against the dollar yesterday as China industrial profit data are due. However PBOC damping lightened as China’s property market has shown some “positive signs” and the impact on the financial system. USDCNH fell 0.06% yesterday while CNHHKD ended at 1.07 level.
CAD
Support / Resistance
vs USD 1.3461 / 1.3658 ⬇
vs HKD 5.7256 / 5.8092
CAD rose slightly against the dollar yesterday as mixed US data seen has failed to provide a significant boost to the USD. Meanwhile BoC‘s senior deputy governor Rogers worries about Canada’s low productivity. USDCAD fell 0.01% yesterday while CADHKD ended at 5.75 level.
JPY
Support / Resistance
vs USD 148.06 / 153.45 ⬇
vs HKD 5.0941 / 5.2836
JPY ended lower against the dollar yesterday after the USD recovered from losses and moved higher and also verbal intervention by Japanese officials continued which failed to support JPY. USDJPY rose 0.09% yesterday while JPYHKD ended at 5.16 level.
CHF
Support / Resistance
vs USD 0.8830 / 0.9145 ⬇
vs HKD 8.5472 / 8.8580
CHF fell against the dollar yesterday amid USD strength and as SNB’s surprise rate cut keeps CHF on back foot. While CHF may gather strength due to risk aversion from the EU’s investigations into major tech firms. USDCHF rose 0.51% yesterday while CHFHKD ended at 8.65 level.
SGD
Support / Resistance
vs USD 1.3314 / 1.3552 ⬇
vs HKD 5.7706 / 5.8741
SGD ended flat against the dollar yesterday as US macroeconomic data has shown mixed figures failing to boost USD significantly but strong Feb Singapore manufacturing output to further boost SGD gains. USDSGD rose 0.00% yesterday while SGDHKD ended at 5.81 level.
*Current Trend observations pertain to historical trend technical analysis only and do not reflect any forward looking fundamental views. The signal is generated with both the 20-days moving average and the 50-days moving average.
⬆ Up Trend, indicates that the currency has been moving higher against the USD
➡ Consolidation, indicates that the currency's movement against the USD has remained sideways
⬇ Down Trend, indicates that the currency has been moving lower against the USD