Dollar index trading at 98.69 (+0.37%)
Strength meter (today so far) – Aussie -0.40%, Kiwi -0.45%, Loonie -0.76%
Strength meter (since last week) – Aussie -0.12%, Kiwi +1.03%, Loonie -1.52%
AUD/USD –
Trading at 0.76
Trend meter –
- Long term – Range, Medium term – Sell, Short term – Buy
Support –
- Long term – 0.683, Medium term – 0.72, Short term – 0.73
Resistance –
- Long term – 0.782, Medium term – 0.765, Short term – 0.765
Economic release today –
- NIL
Commentary –
- The Australian dollar fails to break key resistance. Active call – Buy AUD/USD at 0.752 and at dip with the stop loss at 0.71 and the target at 0.82
NZD/USD –
Trading at 0.715
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Buy
Support –
- Long term – 0.66, Medium term – 0.69, Short term – 0.69
Resistance –
- Long term – 0.8, Medium term – 0.76, Short term – 0.73
Economic release today –
- NIL
Commentary –
- The kiwi remains the best performer of the week so far but lost lots of grounds. We expect kiwi to rise towards 0.81 area.
USD/CAD –
Trading at 1.334
Trend meter –
- Long term – sell, Medium term – buy, Short term – Range/buy
Support –
- Long term – 1.248, Medium term – 1.25 , Short term – 1.25
Resistance –
- Long term – 1.34, Medium term – 1.325 (broken), Short term – 1.325 (broken)
Economic release today –
- Retail sales growth remains flat in August, down -0.1 percent y/y.
- Consumer price index rose 0.1 percent in September, up 1.3 percent from a year ago.
Commentary –
- The Canadian dollar remains as the worst performer of the week. We expect the loonie to reach 1.375 and 1.4.