Dollar index trading at 94.78 (-0.10%)
Strength meter (today so far) – Aussie +0.13%, Kiwi +0.39%, Loonie -0.03%
Strength meter (since last week) – Aussie +0.13%, Kiwi +0.39%, Loonie -0.03%
AUD/USD –
Trading at 0.745
Trend meter –
- Long term – Range/Sell, Medium term – Buy, Short term – Range/Buy
Support –
- Long term – 0.72, Medium term – 0.75, Short term – 0.75 (testing)
Resistance –
- Long term – 0.825, Medium term – 0.8, Short term – 0.77
Economic release today –
- NIL
Commentary –
- Aussie is up today as the dollar weakens after last week’s big rise.
NZD/USD -
Trading at 0.695
Trend meter -
- Long term – Sell, Medium term – Sell, Short term – Range/Sell
Support –
- Long term – 0.68, Medium term – 0.69, Short term – 0.69 (testing)
Resistance –
- Long term – 0.76, Medium term – 0.735, Short term – 0.735
Economic release today –
- NIL
Commentary –
- Kiwi is up on a weaker dollar as it finds support near 0.69 area.
USD/CAD –
Trading at 1.318
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 1.22, Medium term – 1.26, Short term – 1.29
Resistance –
- Long term – 1.32, Medium term – 1.32, Short term – 1.32
Economic release today –
- NIL
Commentary –
- Loonie is down this week over trade tensions with the United States.
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