Dollar index trading at 95.15 (+0.03%)
Strength meter (today so far) – Aussie +0.23%, Kiwi +0.07%, Loonie +0.02%
Strength meter (since last week) – Aussie -0.67%, Kiwi -0.99%, Loonie -0.75%
AUD/USD –
Trading at 0.739
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 (broken)
Resistance –
- Long term – 0.825, Medium term – 0.79, Short term – 0.76
Economic release today –
- NIL
Commentary –
- Aussie is down this week amid a U.S. China trade war fear. It is selling off from former support turned resistance.
NZD/USD -
Trading at 0.687
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 back testing support near 0.69 area. The worst performer of the week.
USD/CAD –
Trading at 1.329
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 1.22, Medium term – 1.26, Short term – 1.29
Resistance –
- Long term – 1.32, Medium term – 1.32, Short term – 1.32
Economic release today –
- May ADP employment up 2,900.
- Wholesale sales up 0.1 percent in April.
Commentary –
- Loonie is down this week over trade tensions with the United States amid a stronger dollar.