Dollar index trading at 93.77 (-0.15%)
Strength meter (today so far) – Aussie +0.32%, Kiwi +1.21%, Loonie -0.08%
Strength meter (since last week) – Aussie +0.32%, Kiwi +1.21%, Loonie -0.08%
AUD/USD –
Trading at 0.753
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 up this week as the dollar retraces last week’s gain.
Trading at 0.692
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 the best performer of the day as NZ Superannuation Fund chief Adrian Orr to become next RBNZ chief.
USD/CAD –
Trading at 1.286
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 –
- NIL
Commentary –
- Loonie is the worst performer of the day.
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