Important Risk Warning

AUD

Support / Resistance

vs USD 0.6827 / 0.7052 ⬇

AUD rose against USD yesterday as weak U.S. payrolls drove broad dollar selling, offsetting Australia’s trade deficit; firmer metals and risk appetite also supported gains. AUDUSD rose 0.42% yesterday while AUDHKD ended at 5.42 level.

EUR

Support / Resistance

vs USD 1.1295 / 1.1593 ⬇

EUR gained versus USD as a soft U.S. jobs report weakened the dollar; euro-area unemployment fell to 6.2% and investors scaled back Fed tightening bets. EURUSD rose 0.48% yesterday while EURHKD ended at 8.96 level.

GBP

Support / Resistance

vs USD 1.3168 / 1.3492 ➡

GBP appreciated against USD as weak U.S. payrolls hit the dollar; Catherine Mann’s hawkish comment and UK fiscal discipline also supported sterling. GBPUSD rose 0.53% yesterday while GBPHKD ended at 10.46 level.

NZD

Support / Resistance

vs USD 0.5593 / 0.5832 ⬇

NZD rose against USD as weak U.S. payrolls weighed on the dollar; firmer commodities and risk appetite helped, with Chinese demand in focus. NZDUSD rose 0.44% yesterday while NZDHKD ended at 4.46 level.

RMB

Support / Resistance

vs USD 6.7540 / 6.8205 ➡

CNH firmed against USD as dollar weakness after soft U.S. payrolls spread in Asia; calmer oil prices and improved sentiment supported the yuan. USDCNH fell 0.09% yesterday while CNHHKD ended at 1.15 level.

CAD

Support / Resistance

vs USD 1.4003 / 1.4303 ⬇

CAD appreciated against USD as weak U.S. payrolls hurt the dollar; lower oil prices limited gains, but the loonie benefited from broad dollar retreat. USDCAD fell 0.24% yesterday while CADHKD ended at 5.53 level.

JPY

Support / Resistance

vs USD 159.60 / 162.71 ➡

JPY rose against USD as weak U.S. payrolls hit Treasury yields; intervention vigilance unsettled short-yen positions, supporting the yen. USDJPY fell 0.90% yesterday while JPYHKD ended at 4.86 level.

SGD

Support / Resistance

vs USD 1.2815 / 1.3005 ⬇

SGD appreciated against USD as weak U.S. payrolls pushed the dollar lower; improved risk sentiment and steady regional growth views supported the Singapore dollar. USDSGD fell 0.22% yesterday while SGDHKD ended at 6.06 level.

MYR

Support / Resistance

vs USD 4.0290 / 4.1445 ➡

USDMYR opened around 4.09 yesterday morning at the back of less than hawkish tone from Warsh and with US NFP later tonight. In the morning session, USDMYR traded in better offer tone with better USD selling interest from market participants. USDMYR closed at 4.08 for the day. This morning, US NFP headline came in lower with lower 2 months revision contributing to broader USD softness overnight. USDMYR opened at 4.07 this morning and is expected to continue trading in broader range of 4.05 – 4.10.

⬆ 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/