NZD/USD: Levels to watch are 0.5985 and 0.5970 – UOB Group
Oversold decline could extend to 0.5985 before stabilisation can be expected.
GBP/USD: Set to decline further to 1.2860 – UOB Group
The Pound Sterling (GBP) is expected to trade in a range between 1.2930 and 1.3000.
USD/JPY: Next level to monitor is 153.40 – UOB Group
The US Dollar (USD) is likely to trade in a range between 152.00 and 153.20.
AUD/USD: Support at 0.6585 is likely out of reach for now – UOB Group
Strong momentum indicates further the Australian Dollar (AUD) weakness; the significant support at 0.6585 is likely out of reach for now.
EUR/USD: Rebound risks are here – OCBC
EUR saw modest rebound amid USD pullback, and European PMIs surprised to the upside.
DXY: Durable goods, Uni of Michigan Sentiment – OCBC
The US Dollar (USD) retreated overnight, likely due to profit-taking on MTD gains.
USD/CNH: Below 7.0900 to trade in range – UOB Group
The US Dollar (USD) is expected to trade in a range between 7.1180 and 7.1440.
USD/JPY: Snap elections on Sunday – OCBC
USD/JPY fell, in line with our call to sell rallies. Pair was last seen at 151.99, OCBC’s FX analysts Frances Cheung and Christopher Wong notes.
USD/CNH: To trade in a range between 7.1180 and 7.1440 – UOB Group
The US Dollar (USD) is expected to trade in a range between 7.1180 and 7.1440.
USD/JPY: Upward momentum remains strong – UOB Group
Upward momentum remains strong; the next level to monitor is 153.40, followed by 154.00, UOB Group’s FX analysts Quek Ser Leang and Lee Sue Ann note.
AUD/USD: Support at 0.6585 is likely out of reach for now – UOB Group
Strong momentum indicates further Australian Dollar (AUD) weakness; the significant support at 0.6585 is likely out of reach for now.
NZD/USD: Has the chance to decline towards 0.5985 – UOB Group
Oversold decline could extend to 0.5985 before stabilisation can be expected.
GBP/USD: Can decline further to 1.2860– UOB Group
The Pound Sterling (GBP) could continue to weaken; oversold conditions suggest 1.2860 is likely out of reach for now.
last updated on 25 Oct 14:22