 Australian Dollar dips slightly after RBA decided stand pat. But it hasn't seen substantial follow through selling pressure yet. While the decision might have surprised half of the market participants, it doesn't change the tightening path of the central bank. It's more of a decision on delivering the hike today or in August. What next will continue to depend on upcoming economic data. The forex markets are overall rather quiet, with major crosses and pairs generally trapped inside yesterday's range for now. Trading could remain subdue considering that the US is on July 4 holiday today. Technically, Bitcoin looks ready to break through 31412 short term top to resume recent rally. But the real test lies in 61.8% projection of 19552 to 31011 from 24739 at 31820. Rejection by this level, followed by break of 29443 support would trigger steep pull back to 55 D EMA (now at 28222) and below. Nevertheless, strong break there could pave the way to 100% projection at 36198. As usual, Bitcoin will be used as one of the guides to gauge the over sentiment on NASDAQ. Overnight, DOW rose 0.03%. S&P 500 rose 0.12%. NASDAQ rose 0.21%. 10-year yield rose 0.039 to 3.858. In Asia, at the time of writing, Nikkei is down -0.94%. Hong Kong HSI is up 0.38%. China Shanghai SSE is down -0.14%. Singapore Strait Times is down -0.07%. Japan 10-year JGB yield is down-0.0233 at 0.383. | 
