Dollar index trading at 94.47 (-0.06%)
Strength meter (today so far) – Aussie -0.17%, Kiwi +0.03%, Loonie +0.07%
Strength meter (since last week) – Aussie +0.46%, Kiwi +0.65%, Loonie +0.63%
AUD/USD –
Trading at 0.767
Trend meter –
- Long term – Range/Buy, Medium term – Buy, Short term – Range/Sell
Support –
- Long term – 0.746, Medium term – 0.765 (testing), Short term – 0.77 (testing)
Resistance –
- Long term – 0.825, Medium term – 0.825, Short term – 0.8
Economic release today –
- NIL
Commentary –
- Aussie is down today but up this week as iron ore price up in China trading and positive China trade balance.
NZD/USD –
Trading at 0.695
Trend meter –
- Long term – Sell, Medium term – Sell, Short term – Range/Sell
Support –
- Long term – 0.66, Medium term – 0.68, Short term – 0.68
Resistance –
- Long term – 0.76, Medium term – 0.76, Short term – 0.725
Economic release today –
- NIL
Commentary –
- Kiwi is up this week likely to decline towards 0.64 area.
USD/CAD –
Trading at 1.267
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 1.2, Medium term – 1.22, Short term – 1.246
Resistance –
- Long term – 1.355, Medium term – 1.32, Short term – 1.28
Economic release today –
- NIL
Commentary –
- Loonie is the worst performer of the week over lumber dispute with the United States despite higher oil price but turned positive on the dollar.
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