Important Risk Warning

AUD

Support / Resistance

vs USD 0.7058 / 0.7258 ➡

AUD rose against USD yesterday as most policymakers backed May’s rate hike and investors awaited jobs data, helping the currency recover from earlier loss. AUDUSD rose 0.62% yesterday while AUDHKD ended at 5.60 level.

EUR

Support / Resistance

vs USD 1.1541 / 1.1755 ⬇

EUR advanced against USD yesterday as euro-area inflation held up and an ECB official signaled action, while softer oil prices later reduced dollar support. EURUSD rose 0.16% yesterday while EURHKD ended at 9.10 level.

GBP

Support / Resistance

vs USD 1.3268 / 1.3626 ➡

GBP strengthened against USD yesterday as UK inflation slowed less than expected, and fading haven demand for the dollar amid Iran talks boosted sterling. GBPUSD rose 0.30% yesterday while GBPHKD ended at 10.52 level.

NZD

Support / Resistance

vs USD 0.5792 / 0.5968 ➡

NZD appreciated against USD yesterday as dollar tone softened and optimism over US-Iran talks steadied sentiment, while caution before NZ retail sales data limited gains. NZDUSD rose 0.55% yesterday while NZDHKD ended at 4.59 level.

RMB

Support / Resistance

vs USD 6.7757 / 6.8313 ⬆

CNH strengthened against USD yesterday as optimism over Middle East shipping talks lowered defensive dollar demand, with China keeping lending rates unchanged and trade expectations supporting yuan. USDCNH fell 0.22% yesterday while CNHHKD ended at 1.15 level.

CAD

Support / Resistance

vs USD 1.3603 / 1.3833 ⬇

CAD weakened against USD yesterday as Canada’s soft inflation trimmed rate hike expectations, and oil price pullback reduced support despite a softer dollar tone. USDCAD rose 0.01% yesterday while CADHKD ended at 5.70 level.

JPY

Support / Resistance

vs USD 156.20 / 160.43 ⬇

JPY strengthened against USD yesterday as Japan’s Q1 growth beat forecasts and officials reiterated readiness to address currency volatility, despite limited follow-through. USDJPY fell 0.09% yesterday while JPYHKD ended at 4.93 level.

SGD

Support / Resistance

vs USD 1.2673 / 1.2860 ⬇

SGD strengthened against USD yesterday as Singapore’s currency stayed resilient, with strong domestic sentiment and renewed inflows helping it outperform amid choppy Asian markets. USDSGD fell 0.33% yesterday while SGDHKD ended at 6.13 level.

MYR

Support / Resistance

vs USD 3.9232 / 3.9992 ⬇

Yesterday, USDMYR spot traded above 3.98 levels briefly upon market opening amid a backdrop of riskoff sentiment overnight alongside higher US treasury yields which kept broad USD strong against most currencies. There was consistent buying demands which kept the pair to hover above 3.98 levels however, USD strength was capped as USD supply in the interbank emerged to offset USD gains earlier. Once USD demand softened, broad USD reversed gains, and continued to grind softer to close around 3.97 levels. USDMYR flows were more neutral for the day compared to its previous trading day, as we saw more balanced flows from all client segments. Overnight, risk sentiment improved over positive headlines on Iran, where equities traded higher, broad USD lower, and USDMYR to follow suit. Market opened lower at 3.96 levels today and we expect USDMYR to trade within a range of 3.92 – 3.98 today.

⬆ Consolidation, indicates that the currency's movement against USD has remained sideways

➡ Up Trend, indicates that the currency has been moving higher against the base currency

⬇ Down Trend, indicates that the currency has been moving lower against the base currency

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