 Euro is experiencing some selling pressure today, brought on by discouraging investor confidence data, with other European currencies also showing signs of distress. Meanwhile, US Dollar is making strides, superseding commodity currencies as it rides the wave of last week's late rally. Australian Dollar is trading within a narrow range against Canadian Dollar and New Zealand Dollar, as markets anticipate the outcome of tomorrow's RBA rate decision. On the other hand, the Japanese Yen presents a mixed picture as it continues in its near-term consolidation phase. Technically, the strong rally in AUD/NZD in the last two weeks argues that corrective pattern from 1.1085 has completed with three waves down to 1.0556. Immediate focus is now on 1.0928 resistance in the coming session. Decisive break there will confirm this case and would probably prompt further rise through 1.1085, to resume the whole rebound from 1.0469. Nevertheless, break of 1.0769 minor support will revive some near term bearishness for deeper fall back to 1.0556. RBA previews: In Europe, at the time of writing, FTSE is up 0.49%. DAX is up 0.16%. CAC is down -0.16%. Germany 10-year yield is up 0.0067 at 2.383. Earlier in Asia, Nikkei rose 2.20%. Hong Kong HSI rose 0.84%. China Shanghai SSE rose 0.07%. Singapore Strait Times rose 0.72%. Japan 10-year JGB yield closed flat at 0.434. | 
