Australian Dollar is leading commodity currencies higher in relatively quiet trading today. Swiss Franc is also firm, but mainly because Euro is consolidation gains. Sterling is currently the weakest one, followed by Euro and then Dollar, while Yen is mixed. In other markets, major European indexes are trading water while US futures point to slightly higher open. Gold is trading above 1800 handle but lacks follow through buying so far. WTI crude oil is holding on well to 92 handle for further rally. Technically, in addition to 1.1482 resistance in EUR/CAD. We'll also pay close attention to 1.4644 resistance in EUR/CAD. Sustained break there will be a sign of medium term bullish reversal and turn focus to 38.2% retracement of 1.5991 to 1.4098 at 1.4821. Euro will have to break through these two levels with some conviction if the trend reversal is for real. In Europe, at the time of writing, FTSE is up 0.63%. DAX is up 0.47%. CAC is up 0.39%. Germany 10-year yield is up 0.011 at 0.221. Earlier in Asia, Nikkei dropped -0.70%. Hong Kong HSI rose 0.02%. China Shanghai SSE rose 2.03%. Singapore Strait Times rose 1.05%. Japan 10-year JGB yield dropped -0.0007 to 0.200. | 