Dollar index trading at 89.19 (+0.14%)
Strength meter (today so far) – Aussie -0.02%, Kiwi +0.00%, Loonie -0.19%
Strength meter (since last week) – Aussie +1.74%, Kiwi +2.01%, Loonie +0.59%
AUD/USD –
Trading at 0.791
Trend meter –
- Long term – Range/Buy, Medium term – Buy, Short term – Range/Sell
Support –
- Long term – 0.746, Medium term – 0.765, Short term – 0.765
Resistance –
- Long term – 0.85, Medium term – 0.825, Short term – 0.8
Economic release today –
- NIL
Commentary –
- Aussie is the best performer of the day. Active call - Buy targeting 0.87
NZD/USD -
Trading at 0.737
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 (broken)
Economic release today –
- Producer price inflation report will be released at 21:45 GMT.
Commentary –
- Kiwi is marginally down for the day.
USD/CAD –
Trading at 1.257
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 (testing)
Economic release today –
- Manufacturing shipments report will be released at 13:30 GMT.
Commentary –
- Loonie is the worst performer of the week.
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