Australian Dollar rises further again with help from risk-on sentiments in the US and Asia. On the other hand, Dollar turns soft despite rising treasury yields. Canadian Dollar is dragged down slightly by oil prices. Other parts of the forex markets are mixed. Euro is still in consolidation against, and cautious comments from ECB officials are unlikely to give it another lift. The big moves in the markets could only come after US consumer inflation data tomorrow. Technically, AUD/CAD's rebound from 0.8906 resumed by breaking through 0.9076 temporary top this week. It's too early to call for a trend reversal. But bullish convergence condition in daily MACD is at least supporting a rebound. Sustained trading above 55 day EMA (now at 0.9095) will pave the way to key resistance level at around 38.2% retracement of 0.9991 to 0.8906 at 0.9320. Similarly, AUD/USD could also be resuming the rebound from 0.6966 towards 0.7313 resistance. In Asia, at the time of writing, Nikkei is up 1.10%. Hong Kong HSI is up 1.97%. China Shanghai SSE is up 0.40%. Singapore Strait Times is up 0.14%. Japan 10-year JGB yield is up 0.0080 at 0.216. Overnight, DOW rose 1.06%. S&P 500 rose 0.84%. NASDAQ rose 1.28%. 10-year yield rose 0.038 to 1.954. | 