See the latest Australian dollar analysis here:
Wall Street’s rebound overnight translated into similar gains here in Asia as we close out the month/quarter/financial year.
In mainland China, the Shanghai Composite bounced back to recover most of Monday’s losses to be up 0.8% to 2984 points while in occupied Hong Kong the Hang Seng Index has barely moved, lifting only 0.2% higher to 24353 points and looking very weak here on the daily chart:
Japanese stocks did some window dressing with a modest lift on the Nikkei 225, up nearly 1.3% to 22288 points. Meanwhile the USDJPY pair was unable to build on its gains overnight, stuck just below the recent highs in a tight pattern at the 107.70 level as momentum on the four hourly charts retreats from its extremely overbought status:
The ASX200 had a solid end to the financial year with the market lifting more than 1.4% to 5897 points to almost take back its previous losses. The Aussie dollar found a little bit of buying support before being slammed again this afternoon, falling below its start of week position at the exact 68.50 level and ready to break below ATR trailing support:
Eurostoxx futures are down 0.2% or so with the UK looking to enact wider lockdowns while Wall Street is looking wobbly again with S&P futures off by 0.3% or so with the four hourly chart showing an inability to breakout to a new high from the previous two weeks of sideways price action: