New Zealand Dollar trades mildly higher today, after an RBNZ survey shows firm expectation of more rate hike ahead. On the other hand, Canadian Dollar weakens broadly as WTI crude oil's pull back extends below a near term support level. Overall, Sterling and Dollar remain the strongest ones for the week. Euro is recovering slightly but remains the worst weekly performer, followed by Aussie. Technically, major focus remains on 1.1289 long term fibonacci support in EUR/USD. Sustained break of this will carry larger bearish implication and would bring even deeper down trend to 1.0635 (2020 low). At the same time, EUR/CHF is also pressing 1.0505 low. Sustained break there will resume the larger down trend from 1.2004 to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223 next. We'll see if Euro's selloff would intensify ahead, or rebound from here. In Asia, at the time of writing, Nikkei is down -0.80%. Hong Kong HSI is down -1.44%. China Shanghai SSE is down -0.33%. Singapore Strait Times is up 0.06%. Japan 10-year JGB yield is up 0.0006 at 0.075. Overnight, DOW dropped -0.58%. S&P 500 dropped -0.26%. NASDAQ dropped -0.33%. 10-year yield dropped -0.030 to 1.604. | 