Dollar index trading at 89.58 (-0.26%)
Strength meter (today so far) – Aussie +0.38%, Kiwi +0.48%, Loonie +0.64%
Strength meter (since last week) – Aussie +0.22%, Kiwi +0.61%, Loonie +1.86%
AUD/USD –
Trading at 0.773
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 –
- NIL
Commentary –
- Aussie recovered from earlier loss as dollar weakens on trade tensions. Active call - Buy targeting 0.87
NZD/USD -
Trading at 0.725
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 –
- NIL.
Commentary –
- Kiwi recovered from earlier loss on a weaker dollar over trade friction.
USD/CAD –
Trading at 1.285
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 –
- Retail sales grew 0.3 percent in January.
- Consumer price inflation up 2.2 percent y/y in February.
Commentary –
- Loonie is the best performer of the week so far.
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