Dollar index trading at 97.20 (-0.23%)
Strength meter (today so far) – Aussie +0.10%, Kiwi +0.31%, Loonie -0.19%
Strength meter (since last week) – Aussie +0.10%, Kiwi +0.31%, Loonie -0.19%
AUD/USD –
Trading at 0.717
Trend meter –
- Long term – Range/Sell, Medium term – sell, Short term – Range/buy
Support –
- Long term – 0.67, Medium term – 0.69, Short term – 0.71
Resistance –
- Long term – 0.79 Medium term – 0.75, Short term – 0.732
Economic release today –
- NIL
Commentary –
- The Australian dollar is recovering on the back of a weaker USD.
NZD/USD -
Trading at 0.68
Trend meter -
- Long term – Sell, Medium term – Sell, Short term – Range/Buy
Support –
- Long term – 0.62, Medium term – 0.65, Short term – 0.66
Resistance –
- Long term – 0.735, Medium term – 0.72, Short term – 0.695 (testing)
Economic release today –
- NIL
Commentary –
- The New Zealand dollar remains upbeat but pressure is mounting as China weakens. Active Call - Sell kiwi targeting 0.59 area.
USD/CAD –
Trading at 1.34
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 1.26, Medium term – 1.29, Short term – 1.315
Resistance –
- Long term – 1.365, Medium term – 1.35, Short term – 1.35
Economic release today –
- NIL
Commentary –
- Loonie is down this week as lower oil price weigh. Active Call - Sell USD/CAD at 1.314 targeting 1.25 area.