Dollar index trading at 93.72 (+0.22%)
Strength meter (today so far) – Aussie -0.63%, Kiwi -0.80%, Loonie -0.34%
Strength meter (since last week) – Aussie -0.30%, Kiwi +0.20%, Loonie +0.09%
AUD/USD –
Trading at 0.752
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 –
- October trade balance came at $105 million.
Commentary –
- Aussie is down this week as the dollar recovers and data underwhelmed.
NZD/USD –
Trading at 0.683
Trend meter –
- Long term – Sell, Medium term – Sell, Short term – Range/Sell
Support –
- Long term – 0.66, Medium term – 0.68, Short term – 0.69 (testing)
Resistance –
- Long term – 0.76, Medium term – 0.76, Short term – 0.725
Economic release today –
- NIL
Commentary –
- Kiwi is consolidating around 0.69 area and is likely to decline towards 0.64 area. It is the best performer among commodity currencies but still down against the dollar.
USD/CAD –
Trading at 1.282
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 (testing)
Economic release today –
- Building permits report will be released at 13:30 GMT.
- IVEY PMI report will be released at 15:00 GMT.
Commentary –
- Loonie is retracing this week after big gains on Friday over jobs report. .
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest