Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Currency snapshot (commodity pairs)

Dollar index trading at 96.95 (-0.18%)

Strength meter (today so far) – Aussie +0.11%, Kiwi +0.71%, Loonie -0.17%

Strength meter (since last week) – Aussie +0.18%, Kiwi +0.99%, Loonie -0.48%

AUD/USD –

Trading at 0.718

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 –

  • HIA new home sales index 3.6 percent in November.

Commentary –

  • The Australian dollar is recovering on the back of a weaker USD.

NZD/USD -

Trading at 0.685

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 as economy remains robust and dollar weakens. Active Call - Sell kiwi targeting 0.59 area.

 USD/CAD –

Trading at 1.343

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 –

  • Manufacturing shipments down 0.1 percent in October.  

Commentary –

  • Loonie is the worst performer of the week as lower oil price weigh. Active Call - Sell USD/CAD at 1.314 targeting 1.25 area.
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.