Commodity currencies are extending this week's rallies on strong risk appetite, with US stocks continuing record runs. Solid gains are also seen in oil price and gold. New Zealand and Australian Dollars are set to end as the strongest ones for the week. On the other hand, Yen and Dollar are the weakest ones Technically, AUD/USD broke 0.6938 resistance to resume whole rebound from 0.6670. Next target is 0.7013 projection level. AUD/JPY is also set to test 76.28 key resistance and break will carry larger bullish implications. USD/CAD is a focus today as it would test 1.3102 temporary low. Break will resume fall from 1.3327 to retest 1.3042 key support level. In Asia, Nikkei is down -0.04%. Hong Kong HSI is up 1.18%. China Shanghai SSE is up 0.85%. Singapore Strait Times is up 0.11%. Japan 10-year JGB yield is up 0.0018 at -0.011. Overnight, DOW rose 0.37% to 28621.39. S&P 500 rose 0.51% to 3239.91. NASDAQ rose 0.78% to 9022.39. All are new record highs. 10-year yield dropped -0.005 to 1.905. |
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