Oil Recovery Helps Sentiments
04/30/2020 at 10:28AM
In the G10 FX Market, CHF and SEK are the top gainers today, up 0.24% and 0.12% versus the dollar while NZD and AUD are the top losers, down -0.21% and -0.2% versus the dollar, respectively.
The dollar moved lower on Wednesday while safe-haven currencies were broadly supported despite stabilizing oil prices after a recovery. Canadian Dollar also rallied on the back of oil recovery.
In the rates market, global yields were trading weaker with the US 10-year yield down -1.2bp trading at 0.616 and the German 10-year yield trading lower by -1.0bp around -0.505. In the energy space, the Brent front month is trading up 15.53% for the day at $26.04.
10-year Yields Daily Chart (1-month)
Daily FX Pivots
Brent Crude Daily Chart (1-month)
Forex Chart and Technical Analysis
EURUSD Chart (Two-week)
Strategy: Support at 1.086 for 1.0901
GBPUSD Chart (Two-week)
Strategy: Support at 1.2448 for 1.2508
USDJPY Chart (Two-week)
Strategy: Resistance at 106.9 for 106.36
AUDUSD Chart (Two-week)
Strategy: Support at 0.6533 for 0.658