Dollar index trading at 90.84 (-0.10%)
Strength meter (today so far) – Aussie +0.09%, Kiwi -0.35%, Loonie +0.13%
Strength meter (since last week) – Aussie -0.77%, Kiwi -1.04%, Loonie -0.62%
AUD/USD –
Trading at 0.76
Trend meter –
- Long term – Range/Buy, Medium term – Buy, Short term – Range/Buy
Support –
- Long term – 0.746, Medium term – 0.765, Short term – 0.765 (testing)
Resistance –
- Long term – 0.85, Medium term – 0.825, Short term – 0.8
Economic release today –
- Both CPI and RBA trimmed mean CPI at 1.9 percent y/y.
Commentary –
- Aussie testing the key trend line support. Active call - Buy targeting 0.87
NZD/USD -
Trading at 0.712
Trend meter -
- 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 is the worst .performer of the week as it got rejected at key resistance once more.
USD/CAD –
Trading at 1.283
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 1.22, Medium term – 1.24, Short term – 1.24
Resistance –
- Long term – 1.32, Medium term – 1.3, Short term – 1.3
Economic release today –
- NIL
Commentary –
- Loonie is down as the dollar recovers.
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