Dollar index trading at 101.06 (-0.21%)
Strength meter (today so far) – Aussie +0.18%, Kiwi -0.11%, Loonie -0.23%
Strength meter (since last week) – Aussie +0.18%, Kiwi -0.11%, Loonie -0.23%
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 –
- Company gross profits rose by 20.1 percent in the fourth quarter.
Commentary –
- The Aussie is likely to continue to test the key resistance around 0.78 area. Strong dollar poses threat, while commodities provide support.
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 –
- January trade balance will be released at 21:45 GMT.
Commentary –
- Kiwi is marginally down to start off the week.
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 is the worst performer of the day, the focus is on BoC policy ahead.