Sterling rises together with commodity currencies today. Trading has been rather subdued with most markets closed. But activities should come back to life in US session. US futures point to sharply higher open with DOW likely to ride on the sentiment to extend recent record runs. Euro and Dollar are currently the weakest ones, followed by Yen and Swiss Franc. Technically, current risk-on sentiments put some focuses back to Dollar against commodity currencies. In particular, break of 1.2519 minor support in USD/CAD will indicate completion of corrective rebound from 1.2363, and should bring retest of this low. Break of 0.7662 minor resistance in AUD/USD would suggest completion of correction from 0.8006 and bring stronger rebound to 0.7848 resistance. |