 Australian Dollar recovered broadly today following hawkish RBA rate hike, which signals more tightening ahead. The rebound in Aussie also takes New Zealand Dollar higher. On the other hand, Dollar is once again consolidating overnight gains. The rally in the greenback is not too committed this week so far. But Fed Chair Jerome Powell's speech later today has the potential to trigger some fireworks. European majors are on the softer side, with Sterling having a slight upper hand. But Yen is the worst performer for the week. Technically, GBP/CAD is on the verge of breaking through 1.6099 to resume the whole correction from 1.6846. 100% projection of 1.6846 to 1.6099 from 1.6690 at 1.5934 is the target. However, a strong cluster support level lies ahead at 1.5811, 38.2% retracement of 1.4069 to 1.6846 at 1.5785. So, the dip below 1.5934 could be seen as a buying opportunity with stop below 1.5785. Let's see how it goes. In Asia, Nikkei is down -0.04%. Hong Kong HSI is up 0.30%. China Shanghai SSE is down -0.08%. Singapore Strait Times is down -0.22%. Japan 10-year JGB yield is down -0.0003 at 0.500. Overnight, DOW dropped -0.10%. S&P 500 dropped -0.61%. NASDAQ dropped -1.00%. 10-year yield rose 0.102 to 3.634. | 
