17 September 2025
Support / Resistance
vs USD 1.1689 / 1.1961 ⬆
EUR strengthened against the dollar yesterday as investors moved away from the dollar, anticipating that the Fed will start easing. Meanwhile, traders overlooked positive Retail Sales and Industrial Production data from the US. EURUSD rose 0.90% yesterday while EURHKD ended at 9.23 level.
Support / Resistance
vs USD 1.3428 / 1.3769 ⬆
GBP rose against the dollar yesterday with stronger British jobs data. The dollar remains under pressure from rate cut expectations by the Fed. But the BoE is expected to keep rates steady. GBPUSD rose 0.35% yesterday while GBPHKD ended at 10.61 level.
vs USD 0.6546 / 0.6754 ⬆
Support / Resistance
AUD rallied against the dollar yesterday, benefiting from a general decline in the dollar. Although Australian job market data will be released on Thursday, not much change is expected with the unemployment rate steady at 4.2%. AUDUSD rose 0.24% yesterday
while AUDHKD ended at 5.20 level.
Support / Resistance
vs USD 0.5882 / 0.6041 ⬆
NZD rose against USD yesterday as a rate cut from the Fed is widely anticipated his week. Additionally, investors are looking forward with optimism on New Zealand’s upcoming GDP figures. NZDUSD rose 0.27% yesterday while NZDHKD ended at 4.65 level.
Support / Resistance
vs USD 1.3678 / 1.3844 ⬆
CAD rallied against USD yesterday as BoC’s release of CPI showed 1.9%, which is close to expectations. Meanwhile, the USD remains under pressure over the possible rate cut announcement by the Fed. USDCAD fell 0.28% yesterday while CADHKD ended at 5.66 level.
Support / Resistance
vs USD 145.41 / 148.34 ⬆
JPY climbed against the dollar yesterday as investors are moving away from long-USD positions ahead of the Fed’s decision on monetary policy. Moreover, yen is supported by higher domestic bond yields. USDJPY fell 0.62% yesterday while JPYHKD ended at 5.31 level.
Data source: Refinitiv, dated 17 September 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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