USD weaker across the G10 FX board following the marginally dovish vs expectations FOMC minutes, where members generally agreed more information is needed to decide on the hike and several participants expressed concern on China. Given the drop in oil, we now like USDCAD higher and AUDUSD lower. Data for today: US Retail Sales.
{EU} EURUSD Neutral => Look for immediate resistance at 1.1150 with 1.1225 afterwards and 1.10165 (yesterday’s low) as support level.
{JN} USDJPY Neutral => We have support level now at 123.70/80 and resistance at 124.50/60.
{GB} GBPUSD Higher => Levels: Cable still sticky around this 1.5690 level and a close above still abates, support below 1.5620/40. EURGBP 0.7027 – 0.7120.
{NZ} NZDUSD Neutral => Key levels for the session: Resistance at 0.6650 and support at 0.6468.
{AU} AUDUSD Lower=> We now think the pair should move lower. Levels for the session: 0.7440/50 resistance with 0.7217 as support on the downside.
{CA} USDCAD Long => We think the pair should move lower now with technical levels for the session: support levels at 1.3000 and 1.2990 below, with 1.3213 as resistance.
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