ASIA: Coming Up In Asia Pac Markets On Thursday
| 2300BST | 0600HKT | 0800AEST | New Zealand ANZ April Consumer Confidence |
| 2330BST | 0630HKT | 0830AEST | Fed's Hammack Speaks on Balance Sheet |
| 0000BST | 0700HKT | 0900AEST | South Korea Q1 GDP |
| 0050BST | 0750HKT | 0950AEST | Japan March PPI Services |
| 0050BST | 0750HKT | 0950AEST | Japan Offshore Weekly Investment Flows |
| 0335BST | 1035HKT | 1235AEST | New Zealand Bond Sale (2030, 2036) |
| 0435BST | 1135HKT | 1335AEST | Japan 2yr Bond Sale |
| 0700BST | 1400HKT | 1600AEST | Japan Mar F Machine Tool Orders |
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ASIA: Coming Up In Tuesday's Asia Pac Session
| 2310GMT | 0710HKT | 1010AEDT | RBA's Jones Fire-side Chat |
| 2350GMT | 0750HKT | 1050AEDT | BoJ Jan Minutes |
| 0135GMT | 0935HKT | 1235AEDT | New Zealand Bill Sale |
| 0200GMT | 1000HKT | 1300AEDT | South Korea Feb Retail Sales |
| 0530GMT | 1330HKT | 1630AEDT | Japan Feb Dept Sales |
AUDUSD TECHS: Still Trading Above Support
- RES 4: 0.6429 High Dec 12 ‘24
- RES 3: 0.6414 38.2% retracement of the Sep 30 ‘24 - Feb 3 bear leg
- RES 2: 0.6409 High Feb 21 and a bull trigger
- RES 1: 0.6391 High Mar 17 / 18
- PRICE: 0.6272 @ 16:56 GMT Mar 24
- SUP 1: 0.6258 Low Mar 21
- SUP 2: 0.6187 Low Feb 4
- SUP 3: 0.6171/6088 Low Feb 4 / 3 and a key support
- SUP 4: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing
A short-term bullish theme in AUDUSD remains intact and the latest pullback appears corrective. Key short-term support to watch lies at 0.6187, the Mar 4 low. A break of this level is required to reinstate a bear threat. First support lies at 0.6258, the Mar 21 low. A resumption of gains would refocus attention on 0.6409, the Feb 21 high. Clearance of this hurdle would strengthen a bull cycle and resume the uptrend that started Feb 3.
EURJPY TECHS: Bullish Outlook
- RES 4: 165.43 High Nov 8
- RES 3: 164.90 High Dec 30 ‘24 and a key medium-term resistance
- RES 2: 164.55 High Jan 7
- RES 1: 164.19 High Mar 18 and the bull trigger
- PRICE: 162.51 @ 16:55 GMT Mar 24
- SUP 1: 160.74 Low Mar 20
- SUP 2: 160.28 50-day EMA
- SUP 3: 158.90 Low Mar 10
- SUP 4: 158.00 Round number support
The recent move down in EURJPY appears corrective and has allowed an overbought trend condition to unwind. Short-term pivot support to watch is 160.28, the 50-day EMA. A break of this level would signal potential for a deeper retracement. Recent gains resulted in a print above resistance at 164.08, the Jan 24 high. A clear break of this hurdle would open 164.90, the Dec 30 ‘24 high.
