Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
 - EconoTimes)
Dollar index trading at 97.02 (+0.25%)
Strength meter (today so far) - Aussie -0.50%, Kiwi +0.03%, Loonie +0.12%.
Strength meter (since last week) - Aussie -0.52%, Kiwi +0.70%, Loonie +0.11%.
AUD/USD
Trading at 0.733
Trend meter
- Long term - Sell, Medium term - Range, Short term - Range/Sell
Support
- Long term - 0.60, Medium term - 0.71, Short term - 0.71-0.715
Resistance
- Long term - 0.87, Medium term - 0.83, Short term - 0.78, Immediate - 0.75
Economic release today
- New motor vehicle sales dropped by -1.3% in July from June.
Commentary
- Aussie continues to consolidate around 0.74 area as 0.75 marks as key resistance. Active call - Sell Aussie with stop around 0.785 and 0.825 to target 0.715, 0.70 and 0.65.
NZD/USD
Trading at 0.658
Trend meter -
- Long term - Sell, Medium term - Range/sell, Short term - Range/sell
Support
- Long term - 0.653, Medium term - 0.65, Short term - 0.65
Resistance -
- Long term - 0.78, Medium term - 0.75, Short term - 0.70, Immediate - 0.68
Economic release today
- Price rose by 14.8% in global dairy auction.
- Producer price index to be released at 22:45 GMT.
Commentary
- Kiwi is the best performer so far this week as dairy prices rose 14.8% in Auction.
USD/CAD
Trading at 1.308
Trend meter
- Long term - Buy, Medium term - Range, Short term - Range/Buy
Support -
- Long term - 1.17, Medium term - 1.217, Short term - 1.265
Resistance
- Long term - 1.32, Medium term - 1.315-1.32, Short term - 1.32
Economic release today
- NIL
Commentary
- Canadian Dollar continuing its consolidation below 1.32 today.
