Dollar index trading at 95.09 (+0.28%)
Strength meter (today so far) - Aussie -0.11%, Kiwi -0.14%, Loonie -0.16%.
Strength meter (since last week) - Aussie +0.39%, Kiwi +0.03%, Loonie -0.23%.
AUD/USD -
Trading at 0.775
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/ Buy support
Support -
- Long term - 0.60, Medium term - 0.71, Short term - 0.756-0.75
Resistance -
- Long term - 0.87, Medium term - 0.83, Short term - 0.793-0.796
Economic release today -
- New motor vehicle sales dropped by -1.3% in May, up 0.8% from a year ago.
Commentary -
- Aussie is treading water, awaiting further cues from FED policy tomorrow.
NZD/USD -
Trading at 0.699
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/
Support -
- Long term - 0.653, Medium term - 0.65, Short term - 0.7-0.693
Resistance -
- Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.737-0.74, Immediate - 0.72
Economic release today -
- Trade balance to be released at 22:45 GMT.
Commentary -
- Kiwi is failing to bounce back, suggesting further sell offs might be in order. FED policy would provide further guidance.
USD/CAD -
Trading at 1.234
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy Support
Support -
- Long term - 1.17, Medium term - 1.1840-1.18, Short term - 1.217-1.213
Resistance -
- Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.28
Economic release today -
- NIL
Commentary -
- Canadian remains sell against dollar, however FED policy and crude price would decide loonie's fate.