Dollar index trading at 98.94 (+0.10%)
Strength meter (today so far) - Aussie +0.63%, Kiwi -0.26%, Loonie -0.40%.
Strength meter (since last week) - Aussie +1.12%, Kiwi +0.09%, Loonie -0.05%.
AUD/USD
Trading at 0.711
Trend meter
- Long term - Sell, Medium term - Sell, Short term - Range/Sell
Support
- Long term - 0.60, Medium term - 0.69, Short term - 0.7
Resistance
- Long term - 0.82, Medium term - 0.785 -0.79, Short term - 0.74
Economic release today
- In October, Australian unemployment dropped by 0.3% to 5.9%, lowest since last year as 58,600 jobs were added among which 40,000 being permanent.
Commentary
- Aussie moved sharply up over jobs report to trade as high as 0.716, however dropped in early New York session over commodities slide.
NZD/USD
Trading at 0.653
Trend meter
- Long term - Sell, Medium term - Range/sell, Short term - Range/Sell
Support
- Long term - 0.56, Medium term - 0.625, Short term - 0.65
Resistance
- Long term - 0.77, Medium term - 0.725, Short term - 0.68
Economic release today
- NIL
Commentary
- Kiwi is hovering around key support at 0.65 area, however further downside likely.
USD/CAD
Trading at 1.33
Trend meter
- Long term - Buy, Medium term - Range, Short term - Range
Support -
- Long term - 1.19, Medium term - 1.28, Short term - 1.303,
Resistance -
- Long term - 1.38, Medium term - 1.35, Short term - 1.34
Economic release today
- New home price index, rose by 0.1% in October, up 1.3% from a year ago.
Commentary
- Canadian Dollar lost grounds over drop in oil prices.


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