georgemiller
Publish Date: Mon, 30 Sep 2024, 07:30 AM

Important Risk Warning
AUD
Support / Resistance
vs USD 0.7017 / 0.7169 ⬆
AUD weakened against USD yesterday as soft Australian jobs data and firmer U.S. yields undercut the currency, despite ongoing concerns about the dollar’s medium-term outlook. AUDUSD fell 0.15% yesterday while AUDHKD ended at 5.57 level.
EUR
Support / Resistance
vs USD 1.1548 / 1.1759 ⬆
EUR rose slightly against USD yesterday, holding firm despite a late dollar rebound; earlier gains were curbed by stronger U.S. data and rising yields. EURUSD rose 0.01% yesterday while EURHKD ended at 9.15 level.
GBP
Support / Resistance
vs USD 1.3476 / 1.3721 ⬆
GBP advanced against USD yesterday as UK inflation stayed firm, supporting sterling, but the dollar’s late recovery capped gains. GBPUSD rose 0.18% yesterday while GBPHKD ended at 10.69 level.
NZD
Support / Resistance
vs USD 0.5853 / 0.6000 ⬆
NZD appreciated against USD yesterday, retaining momentum from earlier U.S. yield declines, but stronger U.S. data and firmer yields trimmed gains. NZDUSD rose 0.13% yesterday while NZDHKD ended at 4.66 level.
RMB
Support / Resistance
vs USD 6.7090 / 6.7497 ⬆
CNH edged higher against USD yesterday as earlier dollar softness supported the yuan, but firmer U.S. yields and a dollar rebound limited gains. USDCNH fell 0.09% yesterday while CNHHKD ended at 1.16 level.
CAD
Support / Resistance
vs USD 1.3668 / 1.3995 ⬆
CAD strengthened against USD yesterday, supported by higher oil prices and optimism over a U.S. Canada trade deal, reaching a near three-month high. USDCAD fell 0.14% yesterday while CADHKD ended at 5.68 level.
JPY
Support / Resistance
vs USD 156.25 / 160.81 ⬆
JPY softened against USD yesterday as firmer U.S. yields and higher oil prices lifted the dollar, but intervention risk kept moves limited. USDJPY rose 0.56% yesterday while JPYHKD ended at 4.93 level.
SGD
Support / Resistance
vs USD 1.2667 / 1.2810 ⬆
SGD edged lower against USD yesterday as firmer U.S. yields and a steadier dollar tone weighed on Asian currencies after stronger U.S. data. USDSGD rose 0.07% yesterday while SGDHKD ended at 6.16 level.
MYR
Support / Resistance
vs USD 4.0217 / 4.0840 ⬆
Yesterday, USDMYR moved lower early in the day, but found support near 4.035 before recovering back above 4.040. This suggests there is still decent demand for USD when the pair dips, especially below 4.040, while exporters and funds were seen selling USD on rebounds. Today, the pair opened not far from yesterday’s closing levels. For now, the market looks to be settling into a near-term range of around 4.030 to 4.060. In simpler terms, this means the pair may continue to move sideways unless there is a fresh catalyst from the USD, bond yields or broader market sentiment
⬆ 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
https://www.hsbc.com.my/wealth/insights/fx-insights/daily-focus/fx/