FX Daily Strategy: Asia, Oct 22

October 21, 2026 2:35 PM UTC

Positioning and oversold conditions obstructing euro follow through traction; downside focus switching to options protection
AUD lifted by short-covering and momentum swing towards a Nov hike pricing
Focus remains news driven rather than calendar-centric 

FX Weekly Strategy: Asia, 19-23 October

October 16, 2026 2:43 PM UTC

US bonds and USD became overstretched, looking to rebalance n/t
Quiet week though event risks coming onto the horizon
Big picture cross-asset themes across bonds-equities-dollar relationships remain a background focus

Chart AUD/NZD Update: Room for further losses

November 11, 2026 5:54 AM UTC

Break of support at the 1.2285/70 area see prices extending losses from the 1.2600 October current year high to reach 1.2230 low

Chart USD/IDR Updates: Focus return to 18183 historic high

November 11, 2026 5:47 AM UTC

Consolidation above the 18000 level has given way to rebound through the 18090/18126 July high to return focus to 18183 historic high

Chart USD/CNH Update: Higher in consolidation

November 11, 2026 2:51 AM UTC

Drift lower from the 6.6855 high has given way to bounce at the 6.6650/6.6600 support

Chart USD/MYR Update: Bounce return focus to 4.0780 resistance

November 11, 2026 2:42 AM UTC

Break above 4.0600/4.0650 resistance see prices extending bounce from the 4.0420 low to retrace losses from the 4.0915, October high

Chart USD/SGD Update: Higher in consolidation

November 11, 2026 2:26 AM UTC

Consolidating test of the 1.2825/35 congestion area with mixed daily studies suggesting ranging action likely to extend

Chart GBP/USD Update: Lower in choppy trade

November 11, 2026 2:09 AM UTC

Lower in choppy trade after failing to sustain probes above resistance at the 1.3450 congestion

Chart EUR/USD Update: Extend choppy trade within a 6-week range area

November 11, 2026 1:55 AM UTC

Rejection from resistance at the 1.1250/75 area see prices settling back in consolidation to extend the choppy trade within a 6-week range area

Chart EUR/JPY Update: Room for higher in choppy trade

November 11, 2026 1:11 AM UTC

Higher in choppy trade as prices extend bounce from the 176.40/20 support to regain the 177.00 level

Chart USD/JPY Update: Retest 158.77/159.00 resistance

November 11, 2026 1:00 AM UTC

Consolidation around the 158.00 level has given way to renewed buying interest to retest strong resistance at the 158.77/159.00 area

Chart NZD/USD Update: Room to extend choppy gains

November 11, 2026 12:45 AM UTC

Settled back from retest of strong resistance at the .5625/50 area as prices consolidate bounce from the .5527 Friday's current year low

Chart AUD/USD Update: Weighing on .6565/33 support

November 11, 2026 12:30 AM UTC

Choppy trade see prices back to pressure support at the .6865/33, June and March lows

U.S. October Median CPI up 3.7% annualized, confirming CPI strength was broad based

November 10, 2026 8:19 PM UTC

Emphasizing the disappointing nature of the October CPI, the 0.3% rise in the Cleveland Fed’s Median CPI is consistent with the core CPI released earlier and the annualized pace of 3.7% is a 5-month high.

North American Summary and Highlights 10 November

November 10, 2026 8:01 PM UTC

Overview - The USD picked up as a strong US CPI and hawkish Fed talk raised the risk of a 50bps December FOMC tightening. 

Bank of Canada Minutes from October 28 - Proceeding carefully

November 10, 2026 7:06 PM UTC

Minutes from the Bank of Canada meeting on October 28, which saw policy tightened by 25bps to 2.50%,  do not provide many surprises. The BoC saw the outlook for inflation as much stronger than in its previous Monetary Policy Report produced in July, while the growth outlook had improved modestly. S

Chart USD/CAD Update: Higher in USD- and CAD-driven trade

November 10, 2026 4:52 PM UTC

Choppy price action has given way to anticipated gains

DXY, GBP/USD, USD/CHF flows - Fed's Logan adds to 'behind curve' messaging, 50bp one way or another

November 10, 2026 4:30 PM UTC

Logan also hawkish on unacceptable inflation, sees need for 50bp to catch up before taking stock
Also sees a case for moving faster than previously this winter

Chart AUD/USD Update: Choppy in range - studies under pressure

November 10, 2026 2:49 PM UTC

The anticipated test above congestion resistance at 0.6900 has been pushed back from beneath 0.6950

Chart EUR/JPY Update: Room for higher in choppy trade

November 10, 2026 2:41 PM UTC

The anticipated test of 177.00 has given way to a JPY-driven break to 177.70

Chart USD/JPY Update: Choppy in multi-week range - background studies rising

November 10, 2026 2:25 PM UTC

The anticipated test below 158.00 has bounced from 157.65

U.S. October CPI - 50bps now set to be debated at December FOMC

November 10, 2026 2:14 PM UTC

October CPI has come in stronger than expected at 0.4% overall with a third straight 0.3% rise in the core rate ex food and energy. Earlier today Fed’s Waller suggested that a 0.3% core increase would justify a 50bps tightening in December. That looks sure to be debated, particularly after October