Dollar index trading at 94.52 (-0.20%)
Strength meter (today so far) – Aussie -0.46%, Kiwi -0.58%, Loonie -0.25%
Strength meter (since last week) – Aussie -0.34%, Kiwi -0.56%, Loonie -0.73%
AUD/USD –
Trading at 0.742
Trend meter –
- Long term – Range/Sell, Medium term – Buy, Short term – Range/Buy
Support –
- Long term – 0.7, Medium term – 0.72, Short term – 0.72
Resistance –
- Long term – 0.825, Medium term – 0.79, Short term – 0.76
Economic release today –
- NIL
Commentary –
- Aussie is struggling amid trade uncertainty and a stronger dollar. Up this week on a weaker dollar.
NZD/USD -
Trading at 0.697
Trend meter -
- Long term – Sell, Medium term – Sell, Short term – Range/Sell
Support –
- Long term – 0.62, Medium term – 0.65, Short term – 0.67
Resistance –
- Long term – 0.735, Medium term – 0.735, Short term – 0.705
Economic release today –
- Q2 CPI inflation report will be released at 22:45 GMT.
Commentary –
- Kiwi is heading sharply higher as it has found support around 0.67 area. Active Call - Sell kiwi targeting 0.62 area.
USD/CAD –
Trading at 1.325
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 1.26, Medium term – 1.29, Short term – 1.31
Resistance –
- Long term – 1.35, Medium term – 1.33, Short term – 1.33
Economic release today –
- NIL
Commentary –
- Loonie is struggling over trade tensions with the United States despite a weaker dollar. The worst performer of the week so far.