Dollar index trading at 94.78 (-0.10%)
Strength meter (today so far) – Aussie +0.04%, Kiwi -0.14%, Loonie -0.19%
Strength meter (since last week) – Aussie -1.72%, Kiwi -1.08%, Loonie -1.66%
AUD/USD –
Trading at 0.747
Trend meter –
- Long term – Range/Sell, Medium term – Buy, Short term – Range/Buy
Support –
- Long term – 0.72, Medium term – 0.75, Short term – 0.75 (testing)
Resistance –
- Long term – 0.825, Medium term – 0.8, Short term – 0.77
Economic release today –
- NIL
Commentary –
- Aussie gave up earlier gains as the bullish momentum ebbs.
NZD/USD -
Trading at 0.695
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 –
- NIL
Commentary –
- Kiwi is up on a weaker dollar as it finds support near 0.69 area.
USD/CAD –
Trading at 1.314
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 – 1.30 (broken)
Economic release today –
- Manufacturing shipments report will be released at 12:30 GMT.
Commentary –
- Loonie is down this week over trade tensions with the United States.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest