Dollar index trading at 93.52 (+0.27%)
Strength meter (today so far) – Aussie +0.02%, Kiwi -0.02%, Loonie -0.11%
Strength meter (since last week) – Aussie -0.36%, Kiwi +0.17%, Loonie -0.75%
AUD/USD –
Trading at 0.785
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 –
- New motor vehicle sales down 0.5 percent in September, down 0.8 percent from a year ago.
- Westpac leading index will be updated at 23:30 GMT.
Commentary –
- Aussie is down this week, despite higher metal prices like Iron ore.
NZD/USD –
Trading at 0.718
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Range/Buy
Support –
- Long term – 0.69, Medium term – 0.7, Short term – 0.71
Resistance –
- Long term – 0.76, Medium term – 0.76, Short term – 0.725
Economic release today –
- Global dairy auction is scheduled today.
Commentary –
- Kiwi is heading higher from support around 0.7 area, however facing resistance around 0.72 area. Active call – Buy Kiwi targeting 0.825.
USD/CAD –
Trading at 1.254
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/sell
Support –
- Long term – 1.2, Medium term – 1.2, Short term – 1.22
Resistance –
- Long term – 1.27, Medium term – 1.25, Short term – 1.25 (testing)
Economic release today –
- NIL
Commentary –
- Loonie is the worst performer of the week on NAFTA tensions despite stronger oil price.
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