NZD and JPY are the top G10 FX gainers today, up 0.23% and 0.19% while GBP and USD are the top losers. The USD-index has found support around the 96.30 area and a break below will now be needed for further dollar weakness. Earlier today, RBA’s Ellis gave a speech ‘on lags’; nothing much to be excited about. Elsewhere, the Turkish lira was trading weak once again and we expect a bid for safe havens heading into the weekend. In the equities space today, the Asian markets traded firm, the Nikkei 225 closed +0.35% at 22,270 and Hang Seng closed +0.42% at 27,213. The European equities, however, were trading mixed with FTSE 100 trading up +0.06%, DAX down -0.03%, and CAC up +0.17%. In the rates market, global yields were trading weaker for the day; the US 10-year yield is trading at 2.855% and the Bund 10-year yield trading at 0.30%. In the energy space, the Brent (front month) is trading up for the day at $71.71; next support at $68.28, resistance at $72.40. During the US session, the Canadian inflation and Michigan consumer sentiment (preliminary) will be the key releases.

10-year Yields Daily chart (6-month)

USD-Index Daily chart (2-month)

Brent Front Month Daily chart (6-month)

Trade weighted basket Hourly (one-week)

Major Currency Pairs

EURUSD Chart (Two-week)

Strategy: Support at 1.1372 for 1.1441
Short-term view: EUR/USD support comes in at 1.1372, MACD is rising and is primarilly positive, RSI has turned above 50. Hence, we see a bounce to 1.1441. Below 1.1372 to open 1.1332

GBPUSD Chart (Two-week)

Strategy: Support at 1.2693 for 1.2771
Short-term view: GBP/USD support comes in at 1.2693, MACD is rising, and RSI has turned above 50. Hence, we see a bounce to 1.2771. Below 1.2693 to open 1.2641

USDJPY Chart (Two-week)

Strategy: Resistance at 111.18 for 110.20
Short-term view: USD/JPY resistance comes in at 111.18, MACD is negative, and RSI is below 50. Hence we see a dip to 110.20. Above 111.19 to open 111.61.

AUDUSD Chart (Two-week)

Strategy: Support at 0.7253 for 0.7312
Short-term view: AUD/USD support comes in at 0.7253, MACD is rising and is primarilly positive, RSI has turned above 50. Hence, we see a bounce to .7312. Below .7253 to open .7225.

BTCUSD 1-Hour Chart (Two-Weeks)

Strategy: Support at $6201 for $6847
Short-term view: BTC/USD support comes in at 6201, MACD is turning up and is primarily positive, RSI has turned above 50. Hence, we see an upside to 6847.27. Below .6201 to open 6000