Important Risk Warning

AUD

Support / Resistance

vs USD 0.6797 / 0.7089 ⬇

AUD rose against the USD yesterday as hopes for an Iran ceasefire weakened the greenback. The RBA’s 4.10% rate hike and persistent inflation also supported the Aussie’s rebound. AUDUSD rose 0.41% yesterday while AUDHKD ended at 5.43 level.

EUR

Support / Resistance

vs USD 1.1452 / 1.1681 ➡

EUR gained versus the USD yesterday, lifted by dollar weakness on Iran de-escalation hopes and eurozone inflation data showing HICP at 2.5% and core at 2.3% in March, both below expectations. EURUSD rose 0.31% yesterday while EURHKD ended at 9.08 level.

GBP

Support / Resistance

vs USD 1.3147 / 1.3470 ⬇

GBP advanced against the USD yesterday as risk appetite improved after Trump’s Iran comments, offsetting strong U.S. data like the ISM manufacturing index rising to 52.7 and prices-paid at a multi-year high. GBPUSD rose 0.59% yesterday while GBPHKD ended at 10.42 level.

NZD

Support / Resistance

vs USD 0.5668 / 0.5864 ⬇

NZD edged higher against the USD yesterday, rebounding from recent lows as hopes for an Iran ceasefire pressured the greenback, keeping NZD near 0.5760. NZDUSD rose 0.10% yesterday while NZDHKD ended at 4.50 level.

RMB

Support / Resistance

vs USD 6.8547 / 6.9118 ⬆

CNH appreciated against the USD yesterday as Iran ceasefire optimism reduced dollar demand, while China’s PMI slipped to 50.8 and another gauge rebounded to a one-year high at 50.4. USDCNH fell 0.17% yesterday while CNHHKD ended at 1.13 level.

CAD

Support / Resistance

vs USD 1.3674 / 1.4020 ⬇

CAD strengthened against the USD yesterday as hopes for an Iran war end boosted risk sentiment and pressured the greenback, while Canada’s GDP growth and firm oil prices also supported CAD. USDCAD fell 0.29% yesterday while CADHKD ended at 5.64 level.

JPY

Support / Resistance

vs USD 157.36 / 160.33 ⬇

JPY weakened against the USD yesterday as the U.S.–Japan rate gap kept the pair near 159–160, with intervention warnings failing to support the yen despite softer dollar sentiment. USDJPY rose 0.06% yesterday while JPYHKD ended at 4.93 level.

SGD

Support / Resistance

vs USD 1.2727 / 1.2931 ⬇

SGD advanced against the USD yesterday as regional currencies benefited from a weaker greenback, with Iran de-escalation hopes reducing safe-haven demand and the Bloomberg Dollar Spot Index falling. USDSGD fell 0.29% yesterday while SGDHKD ended at 6.10 level.

MYR

Support / Resistance

vs USD 3.9383 / 4.0830 ⬇

Yesterday, market traded risk-on with hopes on geopolitical de-escalation, resulting in crude oil and broad USD trading softer. Risky assets rallied sharply, US yields pulled back, and on the local space, we saw USDMYR trade softer towards 4.02 levels. Towards lunch, USDMYR spot hovered within a tight range of 4.02-4.03 levels as USD demands were met by consistent USD supply, keeping any uptick in USD in check. Overnight, it was relatively quiet as much focus were on Trump delivering further announcements any potential resolution to the ongoing conflict. As of today morning, market opened softer at 4.02 levels and is expected to trade within a range of 3.99 – 4.06 levels.

⬆ 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

https://www.hsbc.com.my/wealth/insights/fx-insights/daily-focus/fx/