Dollar index trading at 97 (-0.1%)
Strength meter (today so far) - Aussie -0.08%, Kiwi -0.37%, Loonie -0.51%
Strength meter (since last week) - Aussie +0.32%, Kiwi -0.73%, Loonie -0.37%
AUD/USD -
Trading at 0.745
Trend meter -
- Long term - Sell, Medium term - Sell, Short term - Range
Support -
- Long term - 0.63, Medium term - 0.68, Short term - 0.72
Resistance -
- Long term - 0.78, Medium term - 0.75, Short term - 0.74 (broken)
Economic release today -
- Westpac consumer confidence scheduled to be released at 23:30 GMT.
Commentary -
- Aussie is best performer this week as it rides on stronger iron ore price. Expect consolidation here.
NZD/USD -
Trading at 0.676
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range
Support -
- Long term - 0.56, Medium term - 0.62, Short term - 0.643
Resistance -
- Long term - 0.7, Medium term - 0.69, Short term - 0.69
Economic release today -
- Electronic retail sales will be released at 21:45 GMT.
Commentary -
- Kiwi is up sharply today on weaker Dollar.
USD/CAD -
Trading at 1.337
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Sell
Support -
- Long term - 1.285, Medium term - 1.34 (broken), Short term - 1.34(broken)
Resistance -
- Long term - 1.5, Medium term - 1.42, Short term - 1.38
Economic release today -
- NIL
Commentary -
- Canadian Dollar is top performer against Dollar this year, likely to gain further. Next targets are, 1.32, 1.29 and 1.17 area.