Dollar index trading at 93.97 (+0.19%)
Strength meter (today so far) – Aussie -0.14%, Kiwi +0.24%, Loonie -0.88%
Strength meter (since last week) – Aussie -0.14%, Kiwi +0.24%, Loonie -0.88%
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 –
- NIL
Commentary –
- Aussie is only marginally down today on recovering dollar.
NZD/USD –
Trading at 0.698
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Range/Buy
Support –
- Long term – 0.66, Medium term – 0.68, Short term – 0.69
Resistance –
- Long term – 0.76, Medium term – 0.76, Short term – 0.725
Economic release today –
- NIL
Commentary –
- Kiwi is stabilizing around 0.7 area after last week’s sharp fall over government change.
USD/CAD –
Trading at 1.249
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 (broken)
Economic release today –
- Retail sales report for August will be released at 12:30 GMT, along with consumer price inflation report for September.
Commentary –
- Loonie is the worst performer of the day on NAFTA tension.
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