Forex: US Dollar slightly lower in Asia trade

The US Dollar is edging slightly lower against the majority of pairs during the Asia session, with commodity currencies being the main winners. The Aussie is currently up 40 pips at 1.0333, while the Kiwi is up 31 pips at 0.8532. The "risk-on" theme of other assets has appeared help to flows back into the commodity based pairs, as well as help out the prices of oil, gold, silver, and copper. The Sterling is also adding to previous gains from yesterday, up another 40 pips at 1.5470. Market participants will be keeping an eye on thee US GDP data due out at 12:30 GMT.

From a technical perspective, a few resistance/support levels to keep an eye will be as follows: GBP/USD (1.5480 - previous day high), AUD/USD (1.0356 - 45 dma), NZD/USD (0.8563 - previous day high). Support levels will come in at: GBP/USD (1.5410 -previous resistance, now support on daily chart), AUD/USD (1.0314 - previous resistance, now support on 1 hour chart), and NZD/USD (0.8523 - the 20dma on 1 hour chart)