 Australian Dollar remains the strongest one for the week while markets are back in risk on mode. Fears over China's coronavirus seem to have subsided, with S&P 500 and NASDAQ new record highs. 10-year yield also staged a strong rebound, taking Dollar broadly higher too. On the other hand, Yen and Swiss Franc suffered heavy selling this week, with European majors also dragged down. Technically, 0.6777 minor resistance in AUD/USD is a level to watch to see whether Dollar or Aussie would win the race. As long as 0.6777 holds, near term outlook stays bearish and break of 0.6670 low will resume medium term down trend. Nevertheless, firm break of 0.6777 will indicate short term bottoming and bring sustainable rebound. 1.0992 support in EUR/USD is another level to watch today. Break will reaffirm the case that corrective rise from 1.0879 has completed with three waves up from 1.1239. Retest of 1.0879 low should be seen next. In Asia, currently, Nikkei is up 2.07%. Hong Kong HSI is up 1.89%. China Shanghai SSE is up 0.77%. Singapore Strait Times is up 0.33%. Japan 10-year JGB yield is up 0.0202 at -0.012. Overnight, DOW rose 1.68%. S&P 500 rose 1.13%. NASDAQ rose 0.43%. 10-year yield rose 0.046 to 1.649. | 
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