Dollar index trading at 95.75 (+0.17%)
Strength meter (today so far) – Aussie +0.15%, Kiwi +0.14%, Loonie -0.37%
Strength meter (since last week) – Aussie -0.03%, Kiwi +0.22%, Loonie +0.05%
AUD/USD –
Trading at 0.721
Trend meter –
- Long term – Range/Sell, Medium term – sell, Short term – Range/sell
Support –
- Long term – 0.67, Medium term – 0.69, Short term – 0.7
Resistance –
- Long term – 0.79 Medium term – 0.75, Short term – 0.732
Economic release today –
- NIL
Commentary –
- The Australian is continuing to trade in a tight range. The focus is on Sino-American trade talks.
NZD/USD -
Trading at 0.683
Trend meter -
- Long term – Sell, Medium term – Sell, Short term – Range/sell
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
Economic release today –
- Global dairy price index rose by 4.2 percent at today’s auction.
- Electronic card retail sales report will be released at 21:45 GMT.
Commentary –
- The New Zealand dollar remains upbeat as the economy remains robust and as the USD weakens. Active Call - Sell kiwi targeting 0.59 area.
USD/CAD –
Trading at 1.323
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 recovering along with the oil price.