Dollar index trading at 93.47 (+0.40%)
Strength meter (today so far) – Aussie -0.37%, Kiwi -0.66%, Loonie +0.22%
Strength meter (since last week) – Aussie -0.21%, Kiwi -0.37%, Loonie +0.36%
AUD/USD –
Trading at 0.791
Trend meter –
- Long term – Range/Buy, Medium term – Buy, Short term – Range/Buy
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 –
- NIL
Commentary –
- Aussie is enjoying a major breakout, likely to rise towards 0.82 against the dollar. It is down as the dollar recovers ahead of Jackson Hole; further downside correction likely.
NZD/USD –
Trading at 0.728
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Range/Buy
Support –
- Long term – 0.69, Medium term – 0.71, Short term – 0.73
Resistance –
- Long term – 0.76, Medium term – 0.76, Short term – 0.75
Economic release today –
- NIL
Commentary –
- Kiwi is down ahead of Jackson Hole symposium. Active call – Buy Kiwi targeting 0.825.
USD/CAD –
Trading at 1.253
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Sell
Support –
- Long term – 1.22, Medium term – 1.235, Short term – 1.235
Resistance –
- Long term – 1.32, Medium term – 1.295, Short term – 1.28
Economic release today –
- Retail sales grew 0.1 percent in June, up 0.7 percent excluding autos.
Commentary –
- The loonie is the best performer of the week so far.
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