Dollar index trading at 94.08 (-0.01%)
Strength meter (today so far) – Aussie -0.17%, Kiwi +0.13%, Loonie +0.02%
Strength meter (since last week) – Aussie +0.06%, Kiwi -0.31%, Loonie +0.23%
AUD/USD –
Trading at 0.793
Trend meter –
- Long term – Range, Medium term – Sell, Short term – Range
Support –
- Long term – 0.746, Medium term – 0.765, Short term – 0.77
Resistance –
- Long term – 0.825, Medium term – 0.825, Short term – 0.8
Economic release today –
- Second quarter CPI is up by 0.2 percent q/q, up 1.7 percent from a year ago. Trimmed mean CPI is up 1.9 percent from a year ago.
Commentary –
- Aussie is enjoying a major breakout, likely to rise towards 0.82 against the dollar.
NZD/USD –
Trading at 0.743
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 – 0.745, Short term – 0.745 (testing)
Economic release today –
- NIL
Commentary –
- Kiwi has cleared key resistance around 0.73 area. Active call – Buy Kiwi targeting 0.825
USD/CAD –
Trading at 1.252
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Sell
Support –
- Long term – 1.22, Medium term – 1.235, Short term – 1.26 (broken)
Resistance –
- Long term – 1.32, Medium term – 1.295, Short term – 1.28
Economic release today –
- NIL
Commentary –
- Lonnie is marginally higher this week on a weaker dollar.
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