9 Jun 2025
Support / Resistance
vs USD 1.1237 / 1.1522 ⬆
EUR ended lower against the dollar on Friday after hitting a six-week high on Thursday. German and French industrial production numbers released on Friday show a sharp drop in output in April. EURUSD fell 0.42% last Friday while EURHKD ended at 8.94 level.
Support / Resistance
vs USD 1.3363 / 1.3647 ⬆
GBP ended lower against the US dollar on Friday. But it finished the week higher, as UK services sector activity expanded more than expected. BoE policymakers have urged a gradual and cautious approach to monetary policy decision-making. GBPUSD fell 0.31% last Friday while GBPHKD ended at 10.61 level.
Support / Resistance
vs USD 0.6408 / 0.6555 ⬆
AUD ended lower against the US dollar on Friday as the USD strengthened broadly. Interest rate differentials and monetary policy divergence continue to be key drivers while the RBA maintains a cautious tone regarding further rate moves. AUDUSD fell 0.25%last Friday while AUDHKD ended at 5.09 level.
Support / Resistance
vs USD 0.5911 / 0.6099 ⬆
NZD ended lower against the US dollar as the USD strengthened broadly. Markets now expect the RBNZ to hold rates steady at its Jul meeting and is expected to deliver its last rate cut of the cycle in Aug. NZDUSD fell 0.36% last Friday while NZDHKD ended at 4.72 level.
Support / Resistance
vs USD 1.3559 / 1.3895 ⬆
CAD ended lower against the US dollar on Friday. But finished the week with a gain. Data showed that Canada's economy gained a net 8,800 jobs in May while the jobless rate rose to 7.0%. Losses were limited by higher oil prices. USDCAD rose 0.15% last Friday while CADHKD ended at 5.72 level.
Support / Resistance
vs USD 142.54 / 146.72 ⬇
JPY ended lower against the US dollar on Friday. Data showed Japan's economy contracted in the Jan-Mar quarter at a slower pace than estimated, with consumption figures revised upwards. USDJPY rose 0.92% last Friday while JPYHKD ended at 5.41 level.
Data source: Refinitiv, dated 9 Jun 2025 before 9:30 am
‘Support level’ is the level where the exchange rate tends to find support as it is going down i.e. market participants tend to see value at these levels and price is more likely to bounce up rather than go lower.
‘Resistance level’ is the level where it tends to find resistance as it is going up i.e. market participants tend to consider this as a ceiling and prevent prices from going up further.
We derive the support and resistance level using ‘Pivot Points’ which takes into account the high, low and close prices in the prior period of 15 days. *Please note that the indicative support and resistance level are given for general reference only. Customers should not rely on this information to buy or sell currency.
Relative Strength Index (RSI): Is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. The scale is 0 - 100 and typically overbought conditions are indicated by readings >70 and oversold conditions when <30.
Moving average: Is an indicator frequently used in technical analysis showing the average value of a currency’s price over a set period. Moving averages are generally used to measure momentum and define areas of possible support and resistance. Moving averages are used to emphasize the direction of a trend and to smooth out price and volume fluctuations, or ‘noise’, that can confuse interpretation.
Moving Average Convergence Divergence (MACD) : is a type of oscillator that can measure market momentum as well as follow or indicate the trend. The convention for the MACD analysis is to use an Exponential Moving Average (EMA). MACD consists of two lines, the MACD Line and the Signal Line. The MACD Line measures the difference between a short moving average and a long moving average. The Signal Line is a moving average of the MACD Line.
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