Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Currency snapshot (commodity pairs)

Dollar index trading at 97.42 (-0.12%)

Strength meter (today so far) – Aussie +0.36%, Kiwi +0.30%, Loonie +0.04%

Strength meter (since last week) – Aussie -0.58%, Kiwi +0.59%, Loonie -0.11%

AUD/USD –

Trading at 0.767

Trend meter –

  • Long term – Range, Medium term – Sell, Short term – Range

Support –

  • Long term – 0.716, Medium term – 0.735, Short term – 0.746

Resistance –

  • Long term – 0.785, Medium term – 0.777, Short term – 0.765 (testing)

Economic release today –

  • NIL

Commentary –

  • Aussie is still the worst performer of the week. Aussie might decline to 0.72 area once more to test support.

NZD/USD –

Trading at 0.728

Trend meter –

  • Long term – Sell, Medium term – Buy, Short term – Range

Support –

  • Long term – 0.67, Medium term – 0.69, Short term – 0.71

Resistance –

  • Long term – 0.76, Medium term – 0.73, Short term – 0.723 (broken)

Economic release today –

  • NIL

Commentary –

  • Kiwi is still the best performer of the week, as RBNZ statement lacked dovish bias.

 USD/CAD –

Trading at 1.322

Trend meter –

  • Long term – sell, Medium term – buy, Short term – Range/buy

Support –

  • Long term – 1.3, Medium term – 1.3, Short term – 1.32

Resistance –

  • Long term – 1.38, Medium term – 1.37, Short term – 1.35

Economic release today –

  • Retail sales report for April will be published at 12:30 GMT.

Commentary –   

  • Loonie’s performance improved despite weaker oil price on stronger retail sales and hawkish rhetoric from Bank of Canada.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.