Dollar index trading at 90.76 (+0.34%)
Strength meter (today so far) – Aussie -0.13%, Kiwi -0.27%, Loonie -0.01%
Strength meter (since last week) – Aussie +0.76%, Kiwi +0.23%, Loonie +0.18%
AUD/USD –
Trading at 0.797
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
Resistance –
- Long term – 0.825, Medium term – 0.8, Short term – 0.78 (broken)
Economic release today –
- Home loans 2.1 percent in November. Investment lending for homes up 1.5 percent.
Commentary –
- Aussie is down today despite on stronger dollar but up for the week.
NZD/USD -
Trading at 0.726
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
Resistance –
- Long term – 0.76, Medium term – 0.735, Short term – 0.725 (testing)
Economic release today –
- ANZ commodity prices down 2.2 percent in December.
Commentary –
- Kiwi is the up on weaker dollar this week.
USD/CAD –
Trading at 1.244
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 (testing)
Resistance –
- Long term – 1.355, Medium term – 1.32, Short term – 1.30
Economic release today –
- BoC will announce interest rate decision at 15:00 GMT. The press conference will be held at 16:15 GMT.
Commentary –
- Loonie is the worst performer of the week as NAFTA tensions continue.
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