Dollar index trading at 90.16 (+0.05%)
Strength meter (today so far) – Aussie +0.01%, Kiwi +0.01%, Loonie -0.03%
Strength meter (since last week) – Aussie -1.15%, Kiwi -0.79%, Loonie -1.23%
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 – 0.765
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, down for the week as the dollar recovers. Active call - Buy targeting 0.87
NZD/USD -
Trading at 0.732
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 –
- Fourth quarter retail sales report will be released at 21:45 GMT.
Commentary –
- Kiwi is the best performer for the week but down against the dollar.
USD/CAD –
Trading at 1.27
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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