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Currency snapshot (commodity pairs)

Dollar index trading at 95.11 (-0.25%)

Strength meter (today so far) – Aussie +0.49%, Kiwi +0.66%, Loonie -0.07%

Strength meter (since last week) – Aussie +0.49%, Kiwi +0.66%, Loonie -0.07%

AUD/USD –

Trading at 0.714

Trend meter –

  • Long term – Range/Sell, Medium term – sell, Short term – Range/sell

Support –

  • Long term – 0.67, Medium term – 0.67, Short term – 0.69

Resistance –

  • Long term – 0.79 Medium term – 0.75, Short term – 0.72

Economic release today –

  • NIL

Commentary –

  • The Australian dollar is likely to decline further as the emerging market woes and the strong dollar continues to dominate. Up since last week on a weaker dollar.

NZD/USD -

Trading at 0.654

Trend meter -

  • Long term – Sell, Medium term – Sell, Short term – Range/Sell

Support –

  • Long term – 0.62, Medium term – 0.65, Short term – 0.65 (testing)

Resistance –

  • Long term – 0.725, Medium term – 0.7, Short term – 0.675

Economic release today –

  • Q3 CPI inflation report will be released at 21:45 GMT.

Commentary –

  • The New Zealand dollar remains under pressure as RBNZ vows to keep the rate at this level through 2019 and 2020. Up since last week on a weaker USD. Active Call - Sell kiwi targeting 0.59 area.

 USD/CAD –

Trading at 1.303

Trend meter –

  • Long term – sell, Medium term – sell, Short term – Range/Buy

Support –

  • Long term – 1.26, Medium term – 1.29, Short term – 1.29 (broken)

Resistance –

  • Long term – 1.35, Medium term – 1.33, Short term – 1.32

Economic release today –

  • NIL

Commentary –

  • Loonie is the worst performer of the week due to ailing oil sector. Active Call - Sell USD/CAD at 1.314 targeting 1.25 area.
  • Market Data
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