The markets are rather mixed in Asian session today, engaging in mostly consolidative moves. New Zealand Dollar trades broadly lower following record low consumer confidence data. But Canadian and Australian Dollars are firmer on steady risk sentiment. Dollar is also weak together with Yen while European majors are mixed. Technically, NZD/USD dips slightly after failing to stand above 4 hour 55 EMA again today. Overall development suggests that recovery from 0.6195 is merely a corrective move and outlook stays bearish. Break of 0.6286 minor support will likely resume larger down trend through 0.6195 low. Though, bring of 0.6395 will bring stronger rise back to 0.6575 structural resistance. In Asia, at the time of writing, Nikkei is up 2.37%. Hong Kong HSI is up 1.59%. China Shanghai SSE is down -0.12%. Singapore Strait Times is up 0.88%. 10-year JGB yield is down -0.0003 at 0.233. | 