Dollar rises broadly as the week starts as risk aversion extended into Asia session. But Yen is not benefiting much this time, as recovery lost momentum. Commodity currencies are also weak together with Euro. Swiss Franc and Sterling are just slightly better the others, but still weak against the greenback. The meetings of four major central banks ahead would shape the next moves, at least until the end of H1. Technically, AUD/USD's break of 0.7034 support should confirm that rebound from 0.6828 has completed at 0.7282. Larger down trend from 0.8006 might be ready to resume through 0.6828 low. Similarly, NZD/USD's rebound from 0.6215 should also be finished at 0.6575, after rejection by 55 day EMA. Focus will be on any downside acceleration towards 0.6215, and through, together with AUD/USD. In Asia, at the time of writing, Nikkei is down -3.13%. Hong Kong HSI is down -2.81%. China Shanghai SSE is down -1.11%. Singapore Strait Times is down -0.62%. Japan 10-year JGB yield is up 0.0066 at 0.261. |