Dollar index trading at 96.11 (-0.02%)
Strength meter (today so far) – Aussie +0.08%, Kiwi -0.15%, Loonie -0.12%
Strength meter (since last week) – Aussie +0.08%, Kiwi -0.15%, Loonie -0.12%
AUD/USD –
Trading at 0.731
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 –
- RBA governor Phillip Lowe is set for a speech at 22:00 GMT.
Commentary –
- Aussie remains under pressure from a rising dollar and a weakness in China’s economy.
NZD/USD -
Trading at 0.662
Trend meter -
- Long term – Sell, Medium term – Sell, Short term – Range/Sell
Support –
- Long term – 0.62, Medium term – 0.65, Short term – 0.65
Resistance –
- Long term – 0.725, Medium term – 0.7, Short term – 0.675
Economic release today –
- NIL
Commentary –
- The New Zealand dollar remains downbeat amid a stronger dollar. Active Call - Sell kiwi targeting 0.62 area.
USD/CAD –
Trading at 1.307
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 1.26, Medium term – 1.29, Short term – 1.3
Resistance –
- Long term – 1.35, Medium term – 1.33, Short term – 1.32
Economic release today –
- NIL
Commentary –
- Loonie is focused on looming NAFTA deal with the United States.