Dollar index trading at 89.63 (+0.49%)
Strength meter (today so far) – Aussie -0.21%, Kiwi -0.15%, Loonie -0.29%
Strength meter (since last week) – Aussie +0.00%, Kiwi -0.31%, Loonie -0.48%
AUD/USD –
Trading at 0.789
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 gave up earlier gain and now, flat for the week as the dollar recovers. Active call - Buy targeting 0.87
NZD/USD -
Trading at 0.735
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 –
- Global dairy auction is scheduled today.
Commentary –
- Kiwi is marginally down for the week.
USD/CAD –
Trading at 1.26
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 –
- Wholesale sales declined 0.5 percent in December.
Commentary –
- Loonie is the worst performer of the week.
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