Dollar index trading at 99.31 (-0.04%).
Strength meter (today so far) - Aussie -1.13%, Kiwi -0.97%, Loonie -0.15%.
Strength meter (since last week) - Aussie -1.13%, Kiwi -0.97%, Loonie -0.15%.
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 - 0.771-0.773
Economic release today -
- NIL
Commentary -
- Aussie is the worst performing currency today so far, after being best last week. Weaker import statistics and fall of iron ore led commodities is keeping the bear in charge.
- Breaking of Support zone of 0.756-0.75 would give rise to rapid sell offs.
NZD/USD -
Trading at 0.744
Trend meter -
- Long term - Sell, Medium term - Buy/Range, Short term - Range/Sell resistance
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 - 0.75-0.753
Economic release today -
- NZIER business confidence for first quarter to be released at 22:00 GMT
Commentary -
- Kiwi as expected has broken below, the rising trend channel support around 0.75, further downside is expected this week.
- Weaker exports by China, is weighing on price. China's imports for first two months dropped 40% y/y from New Zealand.
- Bearish doji with long upper shadow remains in focus in weekly chart. Very close to a grave stone doji. Bias is still downwards.
USD/CAD -
Trading at 1.258
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 - 1.243-1.24
Resistance -
- Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.28 -1.284, Immediate - 1.267-1.27
Economic release today -
- NIL
Commentary -
- Loonie is continuing the range, it is expected to get boost, should the WTI break $54 resistance and head higher.


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