Dollar and Yen trade slightly higher on mild risk-off sentiment in Asia. Australian and Canadian Dollar are the weaker ones for the time being. But overall, most major pairs and crosses are stuck in range. Except that, some extra strengthen is seen in Kiwi against Aussie. Kiwi could be ready for a ride ahead of RBNZ rate decision this week.

Technically, AUD/NZD’s recovery should have completed after failing to sustain above 4 hour 55 EMA. Focus is back on 1.0798 temporary temporary low. Break there will resume the correction from 1.0944. Such development could be accompanied by break of 0.7587 minor support to retest 0.7530 low.

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