Dollar index trading at 95.13 (+0.39%)
Strength meter (today so far) – Aussie -0.50%, Kiwi -0.53%, Loonie -0.48%
Strength meter (since last week) – Aussie -1.01%, Kiwi -0.68%, Loonie -0.56%
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 –
- House price index up 2 percent y/y in the first quarter.
Commentary –
- Aussie is the worst performer of the week amid a U.S. China trade war fear. It is selling off from former support turned resistance.
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 –
- Global dairy auction is scheduled today.
- Current account balance for the first quarter will be released at 22:45 GMT.
Commentary –
- Kiwi is back testing 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 amid a stronger dollar.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest