Dollar index trading at 94.66 (+0.06%)
Strength meter (today so far) – Aussie +0.42%, Kiwi +0.26%, Loonie -0.07%
Strength meter (since last week) – Aussie +1.53%, Kiwi +0.98%, Loonie +0.34%
AUD/USD –
Trading at 0.725
Trend meter –
- Long term – Range/Sell, Medium term – Buy, Short term – Range/Buy
Support –
- Long term – 0.67, Medium term – 0.7, Short term – 0.72 (testing)
Resistance –
- Long term – 0.825, Medium term – 0.79, Short term – 0.75
Economic release today –
- NIL
Commentary –
- The Australian dollar is up this week against a weaker USD. However, bias remains to the downside.
NZD/USD -
Trading at 0.66
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 –
- Q2 GDP report will be released at 22:45 GMT.
Commentary –
- The New Zealand dollar is up on a weaker dollar, despite emerging markets trouble. Active Call - Sell kiwi targeting 0.59 area.
USD/CAD –
Trading at 1.298
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 (testing)
Resistance –
- Long term – 1.35, Medium term – 1.33, Short term – 1.32
Economic release today –
- NIL
Commentary –
- Loonie is the worst performer of the week on trade tensions. Active Call - Sell USD/CAD at 1.314 targeting 1.25 area.