Dollar index trading at 96.03 (-0.4%)
Strength meter (today so far) – Aussie +0.47%, Kiwi +0.78%, Loonie +0.20%
Strength meter (since last week) – Aussie -0.77%, Kiwi -0.41%, Loonie -0.31%
AUD/USD –
Trading at 0.739
Trend meter –
- Long term – Range, Medium term – Sell, Short term – Range
Support –
- Long term – 0.683, Medium term – 0.7, Short term – 0.71
Resistance –
- Long term – 0.782, Medium term – 0.75, Short term – 0.75
Economic release today –
- NIL
Commentary –
- Aussie gained ground on risk affinity and weaker dollar.
NZD/USD –
Trading at 0.707
Trend meter –
- Long term – Sell, Medium term – Range, Short term – range
Support –
- Long term – 0.62, Medium term – 0.63, Short term – 0.656
Resistance –
- Long term – 0.72, Medium term – 0.72, Short term – 0.72
Economic release today –
- NIL
Commentary –
- Kiwi is best performer today.
USD/CAD –
Trading at 1.303
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range
Support –
- Long term – 1.248, Medium term – 1.25 , Short term – 1.25
Resistance –
- Long term – 1.334, Medium term – 1.32, Short term – 1.32
Economic release today –
- NIL
Commentary –
- Loonie gained as dollar dropped and oil rose.