Dollar index trading at 94.09 (+0.03%)
Strength meter (today so far) – Aussie +0.27%, Kiwi +0.08%, Loonie +0.04%
Strength meter (since last week) – Aussie +0.21%, Kiwi +0.43%, Loonie -0.40%
AUD/USD –
Trading at 0.757
Trend meter –
- Long term – Range/Buy, Medium term – Buy, Short term – Range/Sell
Support –
- Long term – 0.746, Medium term – 0.75, Short term – 0.765 (broken)
Resistance –
- Long term – 0.825, Medium term – 0.8, Short term – 0.78
Economic release today –
- NIL
Commentary –
- Aussie is marginally higher this week.
NZD/USD –
Trading at 0.681
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 (testing)
Resistance –
- Long term – 0.76, Medium term – 0.76, Short term – 0.725
Economic release today –
- Global dairy auction is scheduled today.
Commentary –
- Kiwi is consolidating below 0.69 area and is likely to decline towards 0.64 area. It is the best performer this week.
USD/CAD –
Trading at 1.281
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 –
- Wholesale sales report for September will be released at 13:30 GMT.
Commentary –
- Loonie is down this week on stronger dollar, NAFTA uncertainty, and relatively weaker oil price.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest