Dollar index trading at 94.35 (-0.17%)
Strength meter (today so far) – Aussie -0.21%, Kiwi +0.05%, Loonie -0.22%
Strength meter (since last week) – Aussie -0.67%, Kiwi -0.99%, Loonie -0.75%
AUD/USD –
Trading at 0.742
Trend meter –
- Long term – Range/Sell, Medium term – Buy, Short term – Range/Buy
Support –
- Long term – 0.7, Medium term – 0.72, Short term – 0.72
Resistance –
- Long term – 0.825, Medium term – 0.79, Short term – 0.76
Economic release today –
- NIL
Commentary –
- Aussie is struggling amid trade uncertainty while a weaker dollar provides support.
NZD/USD -
Trading at 0.689
Trend meter -
- Long term – Sell, Meprovidesrm – 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 back testing support near 0.69 area.
USD/CAD –
Trading at 1.327
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 1.26, Medium term – 1.29, Short term – 1.31
Resistance –
- Long term – 1.35, Medium term – 1.33, Short term – 1.33
Economic release today –
- NIL
Commentary –
- Loonie is down this week over trade tensions with the United States despite a weaker dollar.
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