Dollar index trading at 99.86 (-0.80%)
Strength meter (today so far) – Aussie +0.62%, Kiwi +0.44%, Loonie +0.36%
Strength meter (since last week) – Aussie +0.62%, Kiwi +0.44%, Loonie +0.36%
AUD/USD –
Trading at 0.757
Trend meter –
- Long term – Range, Medium term – Sell, Short term – Range
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 –
- Aussie is higher on risk on sentiment arising from French election outcome. Aussie might decline to 0.72 area once more to test support.
NZD/USD –
Trading at 0.704
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Range
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 –
- NIL
Commentary –
- Kiwi is up today on a weaker dollar.
USD/CAD –
Trading at 1.344
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 –
- Consumer price inflation is up 0.2 percent, up 1.6 percent from a year ago. Core consumer price is up 1.3 percent from a year ago.
Commentary –
- Loonie is positive against the dollar but the worst performer among commodity pack.