Markets were quiet overnight amid a lack of events and a public holiday in Japan.
Most currencies rose against the US Dollar overnight. EUR/USD opened around 1.0735 and rose to a high of 1.0765 later in the session. GBP/USD almost made it to 1.24, but lacked momentum to extend the gain. Meanwhile, USD/JPY remains weak. The pair started around 112.75 at the open and fell to 112.50. A test of 111.50 support seems likely in the near-term.
AUD/USD rose from 0.7685 to 0.7725. Should it break above 0.7740, strong resistance lies at 0.7780. However, should 0.7780 be cleared as well, there is not much resistance left until 0.80. NZD followed the Australian Dollar higher, rising from 0.7010 to 0.7050.
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