FOREX: Antipodeans Extend Gains

The Antipodeans have extended gains in recent dealing as the offer in USD/JPY spills over into broad based pressure on the USD. BBDXY is down ~0.2%.

• AUD/USD is up ~0.5%, the pair sits at $0.6710/15. Resistance comes in at $0.6721 high from June 27.
• Kiwi is also firmer, although the pair is lagging the AUD, last printing at $0.6210/15. The 200-Day EMA comes in at $0.6222, a level which bulls have not been able to breach in recent trade.
• USD/JPY is now down ~0.4%, the pair has breached support at ¥139.85 the low from June 16. The next support level is ¥139.18, 38.2% retracement of Mar-Jun bull leg.