Dollar index trading at 96.11 (+0.04%)
Strength meter (today so far) – Aussie -0.13%, Kiwi -0.56%, Loonie -0.34%
Strength meter (since last week) – Aussie -0.69%, Kiwi -1.25%, Loonie -0.50%
AUD/USD –
Trading at 0.716
Trend meter –
- Long term – Range/Sell, Medium term – sell, Short term – Range/sell
Support –
- Long term – 0.67, Medium term – 0.69, Short term – 0.7
Resistance –
- Long term – 0.79 Medium term – 0.75, Short term – 0.732
Economic release today –
- NIL
Commentary –
- The Australian is continuing to trade in a tight range. The focus is on Sino-American trade talks.
NZD/USD -
Trading at 0.674
Trend meter -
- Long term – Sell, Medium term – Sell, Short term – Range/sell
Support –
- Long term – 0.62, Medium term – 0.65, Short term – 0.66
Resistance –
- Long term – 0.735, Medium term – 0.72, Short term – 0.695
Economic release today –
- Business PMI report will be released at 21:45 GMT.
Commentary –
- The New Zealand dollar is showing signs of weakness as bulls struggle to break resistance around 0.69 area. Active Call - Sell kiwi targeting 0.59 area.
USD/CAD –
Trading at 1.33
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Buy
Support –
- Long term – 1.26, Medium term – 1.29, Short term – 1.315
Resistance –
- Long term – 1.365, Medium term – 1.35, Short term – 1.35
Economic release today –
- NIL
Commentary –
- Loonie is recovering along with the oil price.