Dollar index trading at 90.15 (-0.29%)
Strength meter (today so far) – Aussie -0.02%, Kiwi -0.15%, Loonie +0.30%
Strength meter (since last week) – Aussie +0.04%, Kiwi +0.25%, Loonie +0.06%
AUD/USD –
Trading at 0.769
Trend meter –
- Long term – Range/Buy, Medium term – Buy, Short term – Range/Sell
Support –
- Long term – 0.746, Medium term – 0.765, Short term – 0.765
Resistance –
- Long term – 0.85, Medium term – 0.825, Short term – 0.8
Economic release today –
- House price index rose 1 percent in the fourth quarter, up 5 percent from a year ago.
Commentary –
- Aussie gave up earlier gains as the strong dollar weighs. Active call - Buy targeting 0.87
NZD/USD -
Trading at 0.717
Trend meter 6
- Long term – Sell, Medium term – Sell, Short term – Range/Sell
Support –
- Long term – 0.68, Medium term – 0.69, Short term – 0.71
Resistance –
- Long term – 0.76, Medium term – 0.735, Short term – 0.735
Economic release today –
- Credit card spending up 7 percent y/y in February.
- RBNZ will announce interest rate decision at 20:00 GMT.
Commentary –
- Kiwi is the worst performer of the week. The focus in on RBNZ meeting today.
USD/CAD –
Trading at 1.303
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 1.2, Medium term – 1.22, Short term – 1.24
Resistance –
- Long term – 1.32, Medium term – 1.3, Short term – 1.3
Economic release today –
- NIL
Commentary –
- Loonie is the best performer of the week so far.
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