Market sentiment is generally positive in Asian session today. Australian and New Zealand Dollar are extending near term rebound. Other currencies are mixed, though. Canadian Dollar is paring some gains, after the non-eventful BoC rate decision. Sterling is trying to recover from yesterday's selloff. Dollar and Yen are mixed. Technically, we'll pay attention to both AUD/USD and USD/CAD today. AUD/USD is now trying to break through 0.7272 minor resistance. Sustained trading above there should confirm short term bottoming at 0.6992, just after drawing support from 0.6991 medium term support level. Stronger rise should at least be seen back to 55 day EMA (now at 0.7278, with prospect of bullish reversal. Meanwhile, sustained break of 1.2639 support in USD/CAD would argue that rebound from 1.2286 is completed at 1.2852, and deeper fall would be seen back to 1.2286 support. Both developments, if happen, could affirm that risk-on sentiment is fully back in the markets. In Asia, Nikkei closed down -0.47%. Hong Kong HSI is up 0.97%. China Shanghai SSE is up 1.24%. Singapore Strait Times is up 0.29%. Japan 10-year JGB yield is up 0.0034 at 0.053. Overnight, DOW rose 0.10%. S&P 500 rose 0.31%. NASDAQ rose 0.64%. 10-year yield rose 0.029 to 1.509. | 