 Dollar is back under pressure as rebound attempt faltered quickly again. Nevertheless, New Zealand Dollar remains the worst one. Canadian Dollar is currently the strongest one in Asian session, lifted as crude oil rebounded quickly after a spike lower overnight. As for the week, Sterling and Yen are currently the strongest while Dollar and Kiwi are the weakest. Technically, despite a rather steep spike overnight, WTI crude oil is quickly back above 4 hour 55 EMA. It's also held well above near term trend line support. Thus, further rally is in favor through 43.38 sooner or later. Yet, upside momentum is weak considering persistent bearish divergence condition in 4 hour MACD. Upside potential could be limited even in case of a breakout. Translating into USD/CAD, the pair might get some strong support from 1.3056 long term fibonacci level, at least on first attempt. In Asia, currently, Nikkei is up 0.32%. Hong Kong HSI is up 1.14%. China Shanghai SSE is up 0.82%. Singapore Strait Times is up 0.67%. Japan 10-year JGB yield is up 0.0004 at 0.030. Overnight, DOW rose 0.17%. S&P 500 rose 0.32%> NASDAQ rose 1.06% to 11264.95, new record. 10-year yield dropped -0.031 to 0.644. |
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