Dollar index trading at 93.55 (-0.15%)
Strength meter (today so far) – Aussie +0.56%, Kiwi -0.14%, Loonie +0.00%
Strength meter (since last week) – Aussie +2.27%, Kiwi +2.78%, Loonie +0.60%
AUD/USD –
Trading at 0.767
Trend meter –
- Long term – Range/Buy, Medium term – Buy, Short term – Range/Sell
Support –
- Long term – 0.746, Medium term – 0.75, Short term – 0.765 (broken)
Resistance –
- Long term – 0.825, Medium term – 0.8, Short term – 0.78
Economic release today –
- NIL
Commentary –
- Aussie is up this week as the dollar declined sharply after FOMC announcement.
NZD/USD -
Trading at 0.703
Trend meter –
- Long term – Sell, Medium term – Sell, Short term – Range/Sell
Support –
- Long term – 0.66, Medium term – 0.68, Short term – 0.69 (testing)
Resistance –
- Long term – 0.76, Medium term – 0.76, Short term – 0.725
Economic release today –
- NIL
Commentary –
- Kiwi is the best performer of the week as NZ Superannuation Fund chief Adrian Orr to become next RBNZ chief. A weaker dollar is also pushing the kiwi higher.
USD/CAD –
Trading at 1.277
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 1.2, Medium term – 1.22, Short term – 1.246
Resistance –
- Long term – 1.355, Medium term – 1.32, Short term – 1.28 (testing)
Economic release today –
- October manufacturing shipments report will be released at 13:30 GMT.
Commentary –
- Loonie is the worst performer of the week but up against the dollar.
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