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For the 24 hours to 23:00 GMT, the USD rose 0.16% against the JPY and closed at 109.82.

In the Asian session, at GMT0300, the pair is trading at 109.89, with the USD trading 0.06% higher against the JPY from yesterday's close.

Data released overnight indicated that Japan's Nikkei services PMI declined to a level of 51.0 in May, compared to a level of 52.5 in the previous month.

The pair is expected to find support at 109.51, and a fall through could take it to the next support level of 109.13. The pair is expected to find its first resistance at 110.13, and a rise through could take it to the next resistance level of 110.37.

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

For the 24 hours to 23:00 GMT, the USD declined slightly against the CHF and closed at 0.9883.

In economic news, Switzerland’s total sight deposits eased to a level of CHF576.5 billion in the week ended 01 June, from CHF576.6 billion in the previous week.

In the Asian session, at GMT0300, the pair is trading at 0.9886, with the USD trading marginally higher against the CHF from yesterday’s close.

The pair is expected to find support at 0.9846, and a fall through could take it to the next support level of 0.9807. The pair is expected to find its first resistance at 0.9909, and a rise through could take it to the next resistance level of 0.9933.

With no macroeconomic releases in Switzerland today, investors would look forward to global macroeconomic releases for further direction.

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

Daily Pivots: (S1) 0.7584; (P) 0.7625; (R1) 0.7690; More...

For now, intraday bias in AUD/USD stays mildly on the upside. Corrective rebound from 0.9411 could extend higher. But we'd expect strong resistance from 38.2% retracement of 0.8135 to 0.7144 at 0.7688 to limit upside. On the downside, below 0.7592 minor support will turn bias to the downside for 0.7475 first. Break there will likely resume larger fall through 0.7411 to 0.7328 cluster support (61.8% retracement of 0.6826 to 0.8135 at 0.7326). However, sustained break of 0.7688 will dampen our bearish view and target 61.8% retracement at 0.7585 instead.

In the bigger picture, medium term rebound from 0.6826 is seen as a corrective move. Prior break of 0.7500 key support suggests that such correction is completed at 0.8135. Deeper decline would be seen back to retest 0.6826 low. In case of another rise, we'd expect strong resistance from 38.2% retracement of 1.1079 to 0.6826 at 0.8451 to limit upside to bring long term down trend resumption eventually.

For the 24 hours to 23:00 GMT, the USD declined marginally against the CAD and closed at 1.2936.

In the Asian session, at GMT0300, the pair is trading at 1.2933, with the USD trading a tad lower against the CAD from yesterday’s close.

The pair is expected to find support at 1.2907, and a fall through could take it to the next support level of 1.2881. The pair is expected to find its first resistance at 1.2952, and a rise through could take it to the next resistance level of 1.2971.

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

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

For the 24 hours to 23:00 GMT, Gold declined 0.05% against the USD and closed at USD1296.60 per ounce, amid strength in the global equites.

In the Asian session, at GMT0300, the pair is trading at 1295.80, with gold trading 0.06% lower against the USD from yesterday’s close.

The pair is expected to find support at 1292.30, and a fall through could take it to the next support level of 1288.80. The pair is expected to find its first resistance at 1300.80, and a rise through could take it to the next resistance level of 1305.80.

The yellow metal is trading below its 20 Hr and 50 Hr moving averages

Daily Pivots: (S1) 1.2898; (P) 1.2934; (R1) 1.2968; More.....

USD/CAD is staying in range of 1.2817/3046 and intraday bias remains neutral first. As long as 1.2728 support holds, we'll stay slightly bullish in the pair and expect further rally. Above 1.3046 will resume the rise from 1.2526 and target 1.3124 high next. Nonetheless, break of 1.2728 will indicate completion of the rebound from 1.252. And in that case, deeper fall would be seen back to 1.2526 and below.

In the bigger picture, we're favoring the case that that rebound from 1.2061 has not completed yet. But there is no follow through upside momentum so far. Focus remains on 38.2% retracement of 1.4689 to 1.2061 at 1.3065. Sustained trading above there will confirm medium term bullish reversal. That is, down trend from 1.4689 has completed at 1.2061 already. In that case, next target will be 61.8% retracement at 1.3685. However, break of 1.2526 support will dampen this bullish view again. And, focus will be back on 1.2061 key support level, which is close to 50% retracement of 0.9406 (2011 low) to 1.4689 (2015 high) at 1.2048.

For the 24 hours to 23:00 GMT, Silver declined 0.09% against the USD and closed at USD16.42 per ounce, tracking losses in gold prices.

In the Asian session, at GMT0300, the pair is trading at 16.42, with silver trading slightly lower against the USD from yesterday’s close.

The pair is expected to find support at 16.35, and a fall through could take it to the next support level of 16.27. The pair is expected to find its first resistance at 16.53, and a rise through could take it to the next resistance level of 16.63.

The white metal is trading below its 20 Hr moving average and showing convergence with its 50 Hr moving average.

Daily Pivots: (S1) 1.1655; (P) 1.1700 (R1) 1.1740; More.....

No change in EUR/USD's outlook. While corrective rise from 1.1509 might extend higher, we'd expect strong resistance from 1.1822/1995 resistance zone to limit upside and bring fall resumption eventually. On the downside, below 1.1617 minor support will bring retest of 1.1509 low first. Break will resume the decline from 1.2555 and target 50% retracement of 1.0339 to 1.2555 at 1.1447. Break will target 61.8% retracement at 1.1186 next.

In the bigger picture, current development suggests that EUR/USD was rejected by 38.2% retracement of 1.6039 (2008 high) to 1.0339 (2017 low) at 1.2516. And, a medium term top was formed at 1.2555 already. Decline from there should extend further to 61.8% retracement of 1.0339 to 1.2555 at 1.1186 and below. For now, even in case of rebound, we won't consider the fall from 1.2555 as finished as long as 1.1995 resistance holds.

For the 24 hours to 23:00 GMT, Crude Oil declined 1.50% against the USD and closed at USD64.88 per barrel, amid concerns that the OPEC might curb output cuts.

In the Asian session, at GMT0300, the pair is trading at 65.08, with oil trading 0.31% higher against the USD from yesterday's close.

The pair is expected to find support at 64.42, and a fall through could take it to the next support level of 63.76. The pair is expected to find its first resistance at 65.89, and a rise through could take it to the next resistance level of 66.7.

Crude oil is showing convergence with its 20 Hr and trading below its 50 Hr moving average.

Daily Pivots: (S1) 1.3272; (P) 1.3335; (R1) 1.3376; More...

No change in GBP/USD's outlook. While corrective rise from 1.3203 might extend, upside limited by 1.3617 resistance to bring reversal. On the downside, break of 1.3253 minor support will likely resume the fall from 1.47376 through 1.3203 for 50% retracement of 1.1946 to 1.4376 at 1.3161 first, and 61.8% retracement at 1.2875 next.

In the bigger picture, current development suggests that whole medium term rebound from 1.1936 (2016 low) has completed at 1.4376 already, with trend line broken firmly, on bearish divergence condition in daily MACD, after rejection from 55 month EMA (now at 1.4223). 61.8% retracement of 1.1936 (2016 low) to 1.4376 at 1.2874 is the next target. We'll pay attention to the reaction from there to asses the chance of long term down trend resumption. For now, outlook will stay bearish as long as 55 day EMA (now at 1.3648) holds, even in case of strong rebound.