Dollar index trading at 96. 46 (-0.28%).
Strength meter (today so far) - Aussie +0.73%, Kiwi +0.61%, Loonie +16%.
Strength meter (since last week) - Aussie +0.73%, Kiwi +0.61%, Loonie +0.16%.
AUD/USD -
Trading at 0.765
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 -
- NIL
Commentary -
- Aussie posed lackluster bounce back so far over weaker NFP report. RBA rate decision tomorrow might provide further guidance. Rallies will remain capped.
- Weaker exports prices are weighing on the currency.
NZD/USD -
Trading at 0.761
Trend meter -
- Long term - Sell, Medium term - Buy/Range, Short term - 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 - 0.76-0.763
Economic release today -
- NIL
Commentary -
- Pair's comeback gathered pace from trend line support over weaker than expected NFP report on Friday.
- Very bearish doji with long upper shadow remain in focus in weekly chart. Very close to a grave stone doji. Bias is still downwards. However weaker dollar might provide support.
USD/CAD -
Trading at 1.245
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
Resistance -
- Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.28 -1.284
Economic release today -
- Ivey PMI surprised on the upside. Registered 56 compared to prior 50.8. However PMI shrank to 47.9 from 49.7 when seasonally adjusted.
Commentary -
- Canadian dollar has come back to lower bound of the range. Weaker NFP and stronger crude price is providing support. Volume and volatility will be back tomorrow after Easter holiday across globe.


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