Dollar index trading at 101.49 (+0.55%)
Strength meter (today so far) – Aussie -0.42%, Kiwi -0.57%, Loonie -0.39%
Strength meter (since last week) – Aussie +0.03%, Kiwi -0.65%, Loonie -0.47%
AUD/USD –
Trading at 0.765
Trend meter –
- Long term – Range, Medium term – Sell, Short term – Buy
Support –
- Long term – 0.71, Medium term – 0.73, Short term – 0.75
Resistance –
- Long term – 0.782, Medium term – 0.78, Short term – 0.78
Economic release today –
- NIL
Commentary –
- The Aussie likely to test the key resistance around 0.78 area this week but in decline as the dollar recovered. A break could push the pair towards 0.81 area.
NZD/USD –
Trading at 0.713
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 – 0.733
Economic release today –
- Global dairy auction is scheduled today.
Commentary –
- Kiwi is the worst performer of the week so far. The focus is on dairy auction today.
USD/CAD –
Trading at 1.315
Trend meter –
- Long term – sell, Medium term – buy, Short term – Range/buy
Support –
- Long term – 1.28, Medium term – 1.3 , Short term – 1.3
Resistance –
- Long term – 1.38, Medium term – 1.365, Short term – 1.365
Economic release today –
- NIL
Commentary –
- Loonie declined as the dollar recovered and oil price declined.