Dollar index trading at 97.52 (-0.60%).
Strength meter (today so far) - Aussie -0.17%, Kiwi +0.92%, Loonie +31%.
Strength meter (since last week) - Aussie -2.11%, Kiwi -0.79%, Loonie +0.34%.
AUD/USD -
Trading at 0.758
Trend meter -
- Long term - Sell, Medium term - Sell, Short term - Range/Sell Resistance
Support -
- Long term - 0.60, Medium term - 0.71, Short term - 0.756-0.75
Resistance -
- Long term - 0.87, Medium term - 0.83, Short term - 0.79-0.80, Immediate - 0.766-0.769
Economic release today -
- Trade deficit worsened at $-1.25 billion. Exports grew ar 1% while imports up by 2%.
Commentary -
- Aussie tested short term support area today, broke to new low against dollar. Pair traded as low as 0.753 against dollar.
- Sellers are at large today, pair is struggling to break above 0.76 level.
- Iron ore, one of its top exports broke below $50 per metric ton.
NZD/USD -
Trading at 0.75
Trend meter -
- Long term - Sell, Medium term - Buy/Range, Short term - Sell/Range
Support -
- Long term - 0.653, Medium term - 0.719-0.712, Short term - 0.738-0.736, Immediate - 0.744-0.741
Resistance -
- Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.768-0.772, Immediate - 0.757-0.76
Economic release today -
- NIL
Commentary -
- Pair is trying to stage a comeback from rising trend channel support, however pair might face further sell offs as global dairy price remains very low.
- Very bearish with long upper shadow appeared in week chart. Very close to a grave stone doji. Bias downwards.
USD/CAD -
Trading at 1.265
Trend meter -
- Long term - Buy, Medium term - Buy/Range, Short term - Range
Support -
- Long term - 1.17, Medium term - 1.24-1.234, Short term - 1.247-1.245. Immediate - 1.254-1.251
Resistance -
- Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.284
Economic release today -
- Trade deficit shrank to $-0.98 billion. Exports rose while imports dropped.
Commentary -
- Canadian dollar is top performer this week so far even including the majors.
- Pair remains tightly range bound.
- Loonie has gained abound 100 points after making low of 1.265 against dollar.


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