Dollar index trading at 96.57 (+0.42%)
Strength meter (today so far) – Aussie -0.77%, Kiwi -0.44%, Loonie -0.43%
Strength meter (since last week) – Aussie -1.19%, Kiwi -0.86%, Loonie -0.93%
AUD/USD –
Trading at 0.723
Trend meter –
- Long term – Range/Sell, Medium term – sell, Short term – Range/buy
Support –
- Long term – 0.67, Medium term – 0.69, Short term – 0.71
Resistance –
- Long term – 0.79 Medium term – 0.75, Short term – 0.732 (testing)
Economic release today –
- NIL
Commentary –
- The Australian dollar is giving up gains this week after big rise over the last two weeks.
NZD/USD -
Trading at 0.681
Trend meter -
- Long term – Sell, Medium term – Sell, Short term – Range/Buy
Support –
- Long term – 0.62, Medium term – 0.65, Short term – 0.66
Resistance –
- Long term – 0.735, Medium term – 0.72, Short term – 0.69
Economic release today –
- Global dairy price index declined by 3.5 percent at today’s auction.
Commentary –
- The New Zealand dollar giving up gains this week after big rise over the last two weeks. Active Call - Sell kiwi targeting 0.59 area.
USD/CAD –
Trading at 1.326
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 1.26, Medium term – 1.29, Short term – 1.29
Resistance –
- Long term – 1.35, Medium term – 1.33, Short term – 1.32 (broken)
Economic release today –
- NIL
Commentary –
- Loonie remains downbeat as lower oil price weigh. But best performer of the day among commodity pairs. Active Call - Sell USD/CAD at 1.314 targeting 1.25 area.