Dollar index trading at 89.99 (+0.30%)
Strength meter (today so far) – Aussie -0.42%, Kiwi +0.10%, Loonie -0.17%
Strength meter (since last week) – Aussie -0.53%, Kiwi -0.37%, Loonie -0.98%
AUD/USD –
Trading at 0.785
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 –
- Wage index grew by 0.6 percent in the fourth quarter, up 2.1 percent from a year ago.
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 (testing)
Economic release today –
- NIL
Commentary –
- Kiwi is marginally down for the week.
USD/CAD –
Trading at 1.267
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 (broken)
Economic release today –
- NIL
Commentary –
- Loonie is the worst performer of the week.
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