Dollar index trading at 93.21 (-0.22%)
Strength meter (today so far) – Aussie +0.35%, Kiwi -1.89%, Loonie +0.04%
Strength meter (since last week) – Aussie -0.06%, Kiwi -2.11%, Loonie -0.14%
AUD/USD –
Trading at 0.787
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 –
- Unemployment rate declined to 5.5 percent in September, as employment rose by 19,800
Commentary –
- Aussie is only marginally down this week.
NZD/USD –
Trading at 0.702
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 (broken)
Resistance –
- Long term – 0.76, Medium term – 0.76, Short term – 0.725
Economic release today –
- NIL
Commentary –
- Kiwi is the worst performer of the week as National Party failed to form a governing coalition. Opposition leader Jacinda Ardern will become next Prime Minister.
USD/CAD –
Trading at 1.246
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 recovered after news on NAFTA extension.
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