Dollar index trading at 95.52 (+0.26%)
Strength meter (today so far) – Aussie -0.77%, Kiwi -0.39%, Loonie -0.03%
Strength meter (since last week) – Aussie -0.78%, Kiwi -0.55%, Loonie -0.33%
AUD/USD –
Trading at 0.716
Trend meter –
- Long term – Range, Medium term – Sell, Short term – Buy
Support –
- Long term – 0.683, Medium term – 0.7, Short term – 0.7
Resistance –
- Long term – 0.82, Medium term – 0.79, Short term – 0.79
Economic release today –
- NIL
Commentary –
- Aussie dropped sharply today after RBA governor Stevens dropped hints of further actions. Active call – Sell Aussie against Dollar @0.75 targeting 0.7 area, with stop loss around 0.785
NZD/USD –
Trading at 0.672
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 – 0.77, Medium term – 0.724, Short term – 0.724
Economic release today –
- Trade balance for April will be announced at 22:45 GMT.
Commentary –
- Kiwi is down over stronger Dollar.
USD/CAD –
Trading at 1.315
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Sell
Support –
- Long term – 1.19, Medium term – 1.22 , Short term – 1.25
Resistance –
- Long term – 1.334, Medium term – 1.32, Short term – 1.32
Economic release today –
- NIL
Commentary –
- Loonie is consolidating above 1.32 support handle.