Morning all, hope everyone enjoyed the holidays.
We find ourselves a touch higher from where we left it last Thursday in Sydney. EUR seems to be struggling to regain the 1.44 handle since the option expired at that level about 10 hours ago. Look for immediate support here at 1.4370 then 1.4350. Topside, 1.4400-20 should cap it in Asia.
USDJPY stuck in a 91.00 – 92.00 range and cant see that changing today. Seems the improvement in the Fed Manufacturing index has helped the case for the US dollar bulls, however with exporter sell orders lining the 91.80-92.00 and more all the way up towards 93.00, I cant see 92.00 breaking.
AUDUSD had a small move higher thru the 8830 area since last Thursday, but the 8920 area hasnt been broken, therefore its still in bear mode. Immediate support seen here at 8860 then its back to 8820-30.
