Australian Dollar rises broadly today as risk-on sentiment carried forward to Asian session. Additionally, the Aussie is lifted by reopening of China, together with Yuan and Hong Kong stocks. Kiwi and Sterling are currently the next strongest. Dollar plunges broadly as a result too, with expectations that Fed to going to slow down the tightening pace further in February. Yen and Swiss Franc are the next weakest, as following broad market movements, while Euro and Loonie are mixed. Technically, NZD/USD's break of 0.6372 resistance argues that correction from 0.6512 has completed with three waves down to 0.6190. Further rise is expected to retest 0.6512 high. Judging from the upside break out of AUD/USD today, NZD/USD would like follow and break through 0.6512 soon. In Asia, Japan was on holiday, Hong Kong HSI is up 1.82%. China Shanghai SSE is up 0.65%. Singapore Strait Times is up 0.60%. |