Dollar index trading at 89.41 (-0.47%)
Strength meter (today so far) – Aussie -0.84%, Kiwi -0.67%, Loonie -0.60%
Strength meter (since last week) – Aussie -1.34%, Kiwi -1.96%, Loonie -1.14%
AUD/USD –
Trading at 0.766
Trend meter –
- Long term – Range/Buy, Medium term – Buy, Short term – Range/Buy
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 down sharply thanks to broad based recovery in the dollar. Active call - Buy targeting 0.87
NZD/USD -
Trading at 0.736
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 the worst performer of the week.
USD/CAD –
Trading at 1.258
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 1.22, Medium term – 1.24, Short term – 1.24
Resistance –
- Long term – 1.32, Medium term – 1.3, Short term – 1.3
Economic release today –
- Retail sales rose by 0.4 percent m/m in February, flat excluding autos.
- BoC core CPI up 1.4 percent y/y in March.
Commentary –
- Loonie is down this week, despite higher oil price as the dollar recovers.
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