25 April 2025
Support / Resistance
vs USD 7.2322 / 7.3850 ➡
vs HKD 1.0513 / 1.0718
CNH fell against the dollar yesterday, as investor sentiment turned cautious after Bessent emphasized that no unilateral tariff reductions had been proposed and that formal negotiations had yet to commence. USDCNH rose 0.07% yesterday while CNHHKD ended at 1.06 level.
Support / Resistance
vs USD 1.0988 / 1.1681 ⬆
vs HKD 8.5367 / 9.0585
EUR rose against the dollar yesterday amid increasing hopes of a de-escalation in the trade war between the United States and China, even though traders have become increasingly confident that ECB will cut interest rates in the June policy meeting. EURUSD rose 0.65% yesterday while EURHKD ended at 8.83 level.
Support / Resistance
vs USD 1.2890 / 1.3608 ⬆
vs HKD 10.0085 / 10.5545
GBP rose against the dollar yesterday as investors turned cautious over the economic outlook in face of tariffs announced by United States President Donald Trump earlier this month. BoE Governor Andrew Bailey has stressed the need to consider trade war risk. GBPUSD rose 0.66% yesterday while GBPHKD ended at 10.34 level.
Support / Resistance
vs USD 0.6068 / 0.6595 ⬆
vs HKD 4.7118 / 5.1146
AUD rose against the dollar yesterday despite some positive US economic data, including stronger-than-expected Durable Goods Orders and relieve around US-China trade talks. The RBA is expected to cut interest rates next month. AUDUSD rose 0.75% yesterday while AUDHKD ended at 4.97 level.
Support / Resistance
vs USD 0.5642 / 0.6188 ⬆
vs HKD 4.3821 / 4.7998
NZD rose against the USD amid optimism over potential US-China trade negotiations, with markets drawing support from the close trade ties between China and New Zealand. Meanwhile, expectations are rising that the RBNZ will lower its OCR in its upcoming May meeting. NZDUSD rose 0.89% yesterday while NZDHKD ended at 4.65 level.
Support / Resistance
vs USD 1.3653 / 1.4171 ⬆
vs HKD 5.4787 / 5.6771
CAD rose against the US dollar yesterday amid renewed tariff uncertainty and conflicting US economic signals. Despite a stronger-than-expected headline Durable Goods report, underlying data fell flat, reinforcing caution among investors. USDCAD fell 0.21% yesterday while CADHKD ended at 5.60 level.
Support / Resistance
vs USD 138.90 / 147.31 ⬆
vs HKD 5.2644 / 5.5802
JPY rose against the dollar yesterday amid US Dollar weakness as Fed rate cut speculation resurfaces and trade headlines stir market uncertainty. Attention is on next week’s visit by Economy Minister Ryosei Akazawa to Washington for renewed tariff negotiations. USDJPY fell 0.57% yesterday while JPYHKD ended at 5.43 level.
Support / Resistance
vs USD 0.7981 / 0.8615 ⬆
vs HKD 9.0057 / 9.7003
CHF rose against the US dollar yesterday despite easing fears about the Fed independence, the USD bulls remain on the sidelines amid the weakening confidence in the US economy on the back of the uncertainty about US President Donald Trump's trade policies. USDCHF fell 0.43% yesterday while CHFHKD ended at 9.38 level.
Support / Resistance
vs USD 1.2893 / 1.3435 ⬆
vs HKD 5.7764 / 6.0083
SGD rose against the US dollar yesterday, while a relief rally in equities began to lose steam as investors grew more cautious on conflicting signals from the U.S. administration over its stance on China tariffs. USDSGD fell 0.36% yesterday while SGDHKD ended at 5.91 level.
*Current Trend observations pertain to historical trend technical analysis only and do not reflect any forward looking fundamental views. The signal is generated with both the 20-days moving average and the 50-days moving average.
⬆ Up Trend, indicates that the currency has been moving higher against the USD
➡ Consolidation, indicates that the currency's movement against the USD has remained sideways
⬇ Down Trend, indicates that the currency has been moving lower against the USD
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