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Daily FX Focus

6 February 2026

Important Risk Warning

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AUD

Support / Resistance

vs USD 0.6695 / 0.7124 ⬆

AUD fell against USD yesterday, pressured by a broad retreat in risk assets and sharp declines in commodity prices. The currency struggled despite export growth, as external risk sentiment dominated. AUDUSD fell 1.01% yesterday while AUDHKD ended at 5.41 level.

EUR

Support / Resistance

vs USD 1.1537 / 1.2045 ⬆

EUR retreated against USD yesterday after the ECB held rates steady and Lagarde stressed a data-dependent stance. The euro was further pressured by broad dollar strength and risk-off markets. EURUSD fell 0.25% yesterday while EURHKD ended at 9.20 level.

GBP

Support / Resistance

vs USD 1.3278 / 1.3819 ⬆

GBP slumped against USD yesterday after the BOE held rates with a dovish 5–4 split hinting at possible cuts. Political noise added pressure, pushing the pound lower. GBPUSD fell 0.90% yesterday while GBPHKD ended at 10.57 level.

NZD

Support / Resistance

vs USD 0.5759 / 0.6115 ⬆

NZD fell against USD yesterday, tracking losses in AUD as global risk appetite faded. The kiwi was hit by commodity and equity selloffs, overshadowing domestic stability. NZDUSD fell 0.88% yesterday while NZDHKD ended at 4.65 level.

RMB

Support / Resistance

vs USD 6.9190 / 6.9699 ⬆

CNH held steady against USD yesterday, showing resilience amid risk-off sentiment. The currency stayed range-bound as markets balanced dollar strength with steady onshore fixing before Lunar New Year. USDCNH fell 0.01% yesterday while CNHHKD ended at 1.12 level.

CAD

Support / Resistance

vs USD 1.3487 / 1.3926 ⬆

CAD weakened against USD yesterday as oil prices fell over 2% on easing geopolitical tensions. CAD's decline was worsened by broad dollar strength, despite a Canadian trade surplus. USDCAD rose 0.36% yesterday while CADHKD ended at 5.70 level.

JPY

Support / Resistance

vs USD 153.00 / 160.14 ⬇

JPY softened against USD yesterday while broad dollar strength offset lower U.S. yields. Safehaven flows limited yen’s decline amid the risk assets' retreat. USDJPY rose 0.11% yesterday while JPYHKD ended at 4.97 level.

SGD

Support / Resistance

vs USD 1.2591 / 1.2901 ⬆

SGD declined against USD yesterday, tracking broad dollar strength and weakness in regional peers. The currency was weighed by global risk aversion and falling equities, pushing USD/SGD higher. USDSGD rose 0.22% yesterday while SGDHKD ended at 6.13 level.

MYR

Support / Resistance

vs USD 3.8882 / 4.0332 ⬆

The Ringgit opened lower against the US dollar on Friday, pressured by external spillovers as receding near-term geopolitical tensions lent support to the greenback. Risk off continue with equities, bitcoin, precious metals and US yields continue to slide while the USD on better bid tone overnight. US employment data came in softer but did not helped much as risk remain soft and market should be cautious on Iran headlines over the weekend along with Japan election. Market opened at 3.9600/3.9650, expected range at 3.95-3.97 for today with next resistance level at 3.98 to watch.

⬆ 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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