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Daily FX Focus

5 December 2025

Important Risk Warning

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AUD

Support / Resistance

vs USD 0.6477 / 0.6682 ⬆

AUD rose against USD yesterday as Australia’s trade surplus widened and domestic momentum stayed firm. Supportive central-bank guidance and a constructive backdrop underpinned gains, with traders focused on local data. AUDUSD rose 0.14% yesterday while AUDHKD ended at 5.14 level.

EUR

Support / Resistance

vs USD 1.1527 / 1.1720 ⬆

EUR fell against USD yesterday, easing from recent highs as investors awaited Eurozone retail sales and U.S. PCE inflation. The move reflected a shift from policy to data drivers. EURUSD fell 0.23% yesterday while EURHKD ended at 9.06 level.

GBP

Support / Resistance

vs USD 1.3111 / 1.3462 ⬆

GBP weakened against USD yesterday as sterling’s prior strength faded into UK data updates and surveys, while the dollar steadied. Rate-path divergence kept the currency offered. GBPUSD fell 0.19% yesterday while GBPHKD ended at 10.37 level.

NZD

Support / Resistance

vs USD 0.5633 / 0.5833 ⬆

NZD fell against USD yesterday as risk appetite moderated and the dollar’s selloff paused ahead of labor-market updates. Positioning turned defensive before U.S. inflation data. NZDUSD fell 0.23% yesterday while NZDHKD ended at 4.48 level.

RMB

Support / Resistance

vs USD 7.0416 / 7.1097 ⬆

CNH weakened against USD yesterday after a weaker-than-expected midpoint and reported state-bank dollar buying. Onshore guidance and offshore flows cooled Asia FX momentum. USDCNH rose 0.20% yesterday while CNHHKD ended at 1.10 level.

CAD

Support / Resistance

vs USD 1.3876 / 1.4083 ⬆

CAD weakened against USD yesterday as the dollar recovered and Canada’s Ivey PMI approached, while oil’s limited uptick offered modest support. U.S. data watch kept CAD pressured. USDCAD rose 0.06% yesterday while CADHKD ended at 5.57 level.

JPY

Support / Resistance

vs USD 153.69 / 157.18 ➡

JPY rose against USD yesterday on firmer odds of a December BOJ rate hike and strong demand at the 30-year JGB auction. Policy signals and auction metrics supported the currency. USDJPY fell 0.10% yesterday while JPYHKD ended at 5.01 level.

SGD

Support / Resistance

vs USD 1.2890 / 1.3057 ⬆

SGD weakened against USD yesterday as Asia FX cooled after a weaker yuan fix and regional dollar buying. The combination dampened recent appreciation momentum. USDSGD rose 0.19% yesterday while SGDHKD ended at 6.00 level.

MYR

Support / Resistance

vs USD 4.0884 / 4.1567 ⬆

The dovish drift in expectations about next week’s FED meeting continued through the night. The Ringgit surged to 4.11 level the at the close on Thursday, hitting a new high in almost four and a half years, as weaker economic data in the United States continued to heighten expectations of a cut in US interest rates. Over the course of the week the USD has given up some ground to most G10 currencies as well as a host of EM Asian ones. We suspect this is part of a broader based decline of the USD based on the changing interest rate differentials as well as the fact that for this year most of the US political developments have focused on aspects impacting the US from offshore. For USDMYR range, we are expecting near-term bias is modestly lower, with 4.1200 breached, there is scope to test support at 4.1000. Initial resistance sits at 4.1500, then 4.1800.

⬆ Consolidation, indicates that the currency's movement against USD has remained sideways

➡ Up Trend, indicates that the currency has been moving higher against the base currency

⬇ Down Trend, indicates that the currency has been moving lower against the base currency

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