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For the 24 hours to 23:00 GMT, the USD declined 0.25% against the CAD and closed at 1.3394.

In the Asian session, at GMT0400, the pair is trading at 1.3394, with the USD trading flat against the CAD from yesterday’s close.

The pair is expected to find support at 1.3373, and a fall through could take it to the next support level of 1.3353. The pair is expected to find its first resistance at 1.3427, and a rise through could take it to the next resistance level of 1.3461.

Amid lack of economic releases in Canada today, traders would focus on global macroeconomic events for further direction.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

BoJ Deputy Governor Masayoshi Amamiya reiterated to the parliament that the priority for the central bank is to achieve the 2% inflation target. He noted that it's also "important and necessary for the BOJ to communicate to markets its strategy for exiting ultra-loose monetary policy". However, "debate on an exit must begin only when achievement of our price target comes into sight."

No the other hand, Finance Minister Taro Aso told the parliament that "I don't think anyone in the general public is angry about the fact that inflation hasn't reached 2 percent. And, BoJ "could be a bit more flexible: on the inflation target too.

For the 24 hours to 23:00 GMT, the AUD rose 0.57% against the USD and closed at 0.7074.

LME Copper prices declined 0.6% or $36.5/MT to $6435.0/MT. Aluminium prices rose/declined 1.0% or $18.0/MT to $1830.0/MT.

In the Asian session, at GMT0400, the pair is trading at 0.7072, with the AUD trading slightly lower against the USD from yesterday's close.

Overnight data showed that Australia's NAB business confidence index declined to a level of 2.0 in February, compared to a reading of 4.0 in the previous month. Moreover, the nation's business conditions index eased to a level of 4.0 in February, following a level of 7.0 in the prior month. Additionally, new home loan approvals fell 1.2% on a monthly basis in January, less than market expectations. In the previous month, home loan approvals had recorded a revised drop of 8.0%.

The pair is expected to find support at 0.7043, and a fall through could take it to the next support level of 0.7014. The pair is expected to find its first resistance at 0.7091, and a rise through could take it to the next resistance level of 0.7110.

Moving ahead, traders would keep an eye on Australia's Westpac consumer confidence index for March, slated to release overnight.

The currency pair is trading above its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Gold declined 0.23% against the USD and closed at USD1293.90 per ounce, amid rise in global equities and following upbeat US retail sales data.

In the Asian session, at GMT0400, the pair is trading at 1295.90, with gold trading 0.15% higher against the USD from yesterday’s close.

The pair is expected to find support at 1291.27, and a fall through could take it to the next support level of 1286.63. The pair is expected to find its first resistance at 1299.87, and a rise through could take it to the next resistance level of 1303.83.

The yellow metal is trading above its 20 Hr moving average and showing convergence with its 50 Hr moving average.

For the 24 hours to 23:00 GMT, Silver rose 0.16% against the USD and closed at USD15.33 per ounce.

In the Asian session, at GMT0400, the pair is trading at 15.41, with silver trading 0.49% higher against the USD from yesterday’s close.

The pair is expected to find support at 15.28, and a fall through could take it to the next support level of 15.16. The pair is expected to find its first resistance at 15.47, and a rise through could take it to the next resistance level of 15.54.

The white metal is trading above its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Crude Oil rose 0.87% against the USD and closed at USD56.91 per barrel, amid reports that Saudi Arabia is planning to curb its oil exports to below 7 million barrels per day in April, in order to reduce supply glut.

In the Asian session, at GMT0400, the pair is trading at 57.06, with oil trading 0.26% higher against the USD from yesterday's close, amid rising crude demand and OPEC-led supply cuts.

The pair is expected to find support at 56.52, and a fall through could take it to the next support level of 55.97. The pair is expected to find its first resistance at 57.38, and a rise through could take it to the next resistance level of 57.69.

Crude oil is trading above its 20 Hr and 50 Hr moving averages.

Daily Pivots: (S1) 1.1225; (P) 1.1241; (R1) 1.1262; More.....

Intraday bias in EUR/USD remains neutral as consolidation from 1.1176 is in progress. Stronger recovery cannot be ruled out. But upside should be limited well below 1.1419 resistance to bring fall resumption. On the downside, break of 1.1176 will extend the down trend from 1.2555 and target 100% projection of 1.1814 to 1.1215 from 1.1569 at 1.0970 next.

In the bigger picture, down trend from 1.2555 medium term top is still in progress. Bearishness is affirmed by sustained trading below falling 55 week EMA. 61.8% retracement of 1.0339 (2017 low) to 1.2555 at 1.1186 is met. Sustained break there will pave the way to retest 1.0339. On the upside, break of 1.1569 resistance will now indicate completion of such down trend and turn medium term outlook bullish.

Daily Pivots: (S1) 1.3016; (P) 1.3094; (R1) 1.3227; More....

The strong rebound and break of 1.3097 minor resistance suggests that pull back from 1.3350 has completed at 1.2960. More importantly, with near term trend line defended, outlook stays bullish for further rally. Intraday bias is turned back to the upside for 1.3350 first. Break will resume the rebound from 1.2391 low to 61.8% retracement of 1.4376 to 1.2391 at 1.3618 next. On the downside, again, sustained break of trend line support will argue that rebound from 1.2391 has completed earlier than expected at 1.3350. Deeper fall would then be seen to 1.2773 support for confirmation.

In the bigger picture, medium term decline from 1.4376 (2018 high) should have completed at 1.2391. Rise from 1.2391 is now seen as the third leg of the corrective pattern from 1.1946 (2016 low). Further rise could be seen through 1.4376 in medium term. On the downside, though, break of 1.2773 support will dampen this view. Focus will be turned back to 1.2391 low and break will resume the fall from 1.4376 to 1.1946.

Daily Pivots: (S1) 1.0078; (P) 1.0099; (R1) 1.0128; More....

Intraday bias in USD/CHF remains neutral as consolidation from 1.0124 temporary is extending. In case of another retreat, downside should be contained by 1.0027 minor support to bring another rally. On the upside, break of 1.0124 will target 61.8% projection of 0.9716 to 1.0098 from 0.9926 at 1.0162 and then 100% projection at 1.0308.

In the bigger picture, USD/CHF drew strong support from medium term trend line and rebounded. That suggests rise from 0.9186 is still in progress. Further break of 1.0128 will confirm up trend resumption and target 1.0342 key resistance. Nevertheless, break of 0.9926 support will be the first signal of medium term reversal and bring another test on the trend line.

Daily Pivots: (S1) 110.95; (P) 111.13; (R1) 111.39; More...

Intraday bias in USD/JPY remains neutral as consolidation from 112.13 continues. As long as 110.35 support holds, near term outlook remains bullish and rise from 104.69 is still in favor to resume. On the upside, break of 112.13 will target 114.54 resistance next. However, firm break of 110.35 should confirm near term reversal and turn outlook bearish for 108.49 support and below.

In the bigger picture, strong rebound from 104.69 argues that decline from 118.65 (2016 high) has completed with three waves down to 104.69, after failing 104.62. More importantly, the rise from 98.97 (2016 low) could be resuming. Decisive break of 114.54 resistance will add more credence to this bullish case and target 118.65. This will now be the favored case as long as 110.35 support holds. However, firm break of 110.35 will mix up the medium term outlook again and turn focus back to 104.69 low.