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Currency snapshot (commodity pairs)

Dollar index trading at 94.09 (+0.20%)

Strength meter (today so far) – Aussie +0.12%, Kiwi +0.25%, Loonie +0.03%

Strength meter (since last week) – Aussie +1.69%, Kiwi +2.02%, Loonie +0.86%

AUD/USD –

Trading at 0.727

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, broader bias remains to the downside.

NZD/USD -

Trading at 0.667

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 is up on a weaker dollar, despite emerging markets trouble. Active Call - Sell kiwi targeting 0.59 area.

 USD/CAD –

Trading at 1.292

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 –

  • CPI inflation up 2.8 percent y/y.
  • Retail sales up 0.9 percent y/y in July.
  • BoC core inflation at 1.7 percent.

Commentary –

  • Loonie is the worst performer of the week on trade tensions. But up this week on a weaker dollar. Active Call - Sell USD/CAD at 1.314 targeting 1.25 area.
  • Market Data
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