Dollar index trading at 94.05 (+0.49%)
Strength meter (today so far) – Aussie -0.56%, Kiwi -0.71%, Loonie -0.71%
Strength meter (since last week) – Aussie +0.40%, Kiwi -0.26%, Loonie -0.22%
AUD/USD –
Trading at 0.754
Trend meter –
- Long term – Range/Buy, Medium term – Buy, Short term – Range/Buy
Support –
- Long term – 0.72, Medium term – 0.75, Short term – 0.75 (re-testing)
Resistance –
- Long term – 0.825, Medium term – 0.8, Short term – 0.77
Economic release today –
- NIL
Commentary –
- The 0.75 area break is turning out to be a false breakout. The best performer of the week so far.
NZD/USD -
Trading at 0.689
Trend meter -
- Long term – Sell, Medium term – Sell, Short term – Range/Sell
Support –
- Long term – 0.68, Medium term – 0.69, Short term – 0.69(testing)
Resistance –
- Long term – 0.76, Medium term – 0.735, Short term – 0.735
Economic release today –
- April trade balance report will be released at
Commentary –
- Kiwi is once again the worst performer of the week but up against the dollar.
USD/CAD –
Trading at 1.29
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 1.22, Medium term – 1.24, Short term – 1.25
Resistance –
- Long term – 1.32, Medium term – 1.3, Short term – 1.29
Economic release today –
- NIL
Commentary –
- Loonie is recovering this week. The focus is on trade talks.
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