Dollar index trading at 90.48 (+0.15%)
Strength meter (today so far) – Aussie +0.14%, Kiwi -0.00%, Loonie -0.05%
Strength meter (since last week) – Aussie -1.40%, Kiwi -0.97%, Loonie -1.38%
AUD/USD –
Trading at 0.78
Trend meter –
- Long term – Range/Buy, Medium term – Buy, Short term – Range/Sell
Support –
- Long term – 0.746, Medium term – 0.765, Short term – 0.785 (broken)
Resistance –
- Long term – 0.85, Medium term – 0.825, Short term – 0.825
Economic release today –
- Home loans down 2.3 percent in December.
- Investment lending for homes down 2.6 percent.
Commentary –
- Aussie is down this week as the dollar recovers. Active call - Buy targeting 0.87
NZD/USD -
Trading at 0.722
Trend meter –
- Long term – Sell, Medium term – Sell, Short term – Range/Sell
Support –
- Long term – 0.68, Medium term – 0.69, Short term – 0.71
Resistance –
- Long term – 0.76, Medium term – 0.735, Short term – 0.735
Economic release today –
- NIL
Commentary –
- Kiwi is down sharply as it failed to clear resistance around 0.735 area.
USD/CAD –
Trading at 1.259
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 1.2, Medium term – 1.22, Short term – 1.22
Resistance –
- Long term – 1.3, Medium term – 1.28, Short term – 1.25
Economic release today –
- Unemployment report will be released at 13:30 GMT.
Commentary –
- Loonie is down this week as NAFTA tensions weigh and as the dollar recovers.
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