Aussie Higher in Quiet Markets, Euro Staying Weak
Action Insight Daily Report 10-26-21

Aussie Higher in Quiet Markets, Euro Staying Weak

DOW and S&P 500 eked out new record highs again overnight. But Asian markets are not following, with the exception of rally in Nikkei. Activities in the currency markets are generally quiet. Nevertheless, Aussie is strengthening with other commodity currencies. Yen and Swiss Franc are weak, followed by Euro. Dollar is mixed together with Sterling.

Technically, the retreats in Yen crosses slowed notably, as USD/JPY, EUR/JPY and GBP/JPY are all drawing support from 4 hours 55 EMA respectively. Our focus will now on be whether Yen crosses would rebound from current levels. In that case, we'll see if USD/JPY would have another take on 114.69 resistance quickly.

In Asia, at the time of writing, Nikkei is up 1.85%. Hong Kong HSI is down -0.38%. China Shanghai SSE is down -0.11%. Singapore Strait Times is down -0.16%. Japan 10-year JGB yield is up 0.0018 at 0.102. Overnight, DOW rose 0.18%. S&P 500 rose 0.47%. NASDAQ rose 0.90%. 10-year yield dropped -0.020 to 1.635.

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AUD/USD Daily Report

Daily Pivots: (S1) 0.7468; (P) 0.7487; (R1) 0.7509; More...

AUD/USD is staying in consolidation from 0.7545 temporary top and intraday bias remains neutral. In case of another retreat, downside should be contained by 0.7377 support to bring another rally. On the upside, break of 0.7454 will resume the rise from 0.7105 to 161.8% projection of 0.7105 to 0.7477 from 0.7169 at 0.7771.

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EURUSD | USDJPY | GBPUSD | USDCHF | AUDUSD | USDCAD

EURJPY | EURGBP | EURCHF | EURAUD | GBPJPY

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