Dollar index trading at 95.38 (-0.03%)
Strength meter (today so far) - Aussie -0.50%, Kiwi +0.36%, Loonie -0.53%.
Strength meter (since last week) - Aussie -0.86%, Kiwi -0.35%, Loonie -1.05%.
AUD/USD -
Trading at 0.77
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 -
- NIL
Commentary -
- Aussie is down as dollar strengthen. Buying at support is recommended unless support at 0.75 area breaks.
NZD/USD -
Trading at 0.689
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/buy
Support -
- Long term - 0.653, Medium term - 0.65, Short term - 0.65
Resistance -
- Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.737-0.74, Immediate - 0.705
Economic release today -
- NIL
Commentary -
- Kiwi is likely to rebound from here. Kiwi is the best performer this week so far. Today it is positive against dollar while others are negative.
USD/CAD -
Trading at 1.239
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. Immediate - 1.25
Economic release today -
- NIL
Commentary -
- Canadian dollar-US dollar pair has bounced back from support area and loonie is likely to remain sell against dollar, unless crude moves up. Loonie is worst performing commodity currency this week so far.