Dollar index trading at 99.07 (+0.30%).
Strength meter (today so far) - Aussie -0.08%, Kiwi +0.40%, Loonie -60%.
Strength meter (since last week) - Aussie -0.86%, Kiwi +0.25%, Loonie +1.23%.
AUD/USD -
Trading at 0.761
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 -
- Westpac consumer confidence dropped by -3.2% in March.
Commentary -
- Aussie has gained grounds amid weaker dollar, however continue to face selling pressure as economic dockets from China point at further weakness.
- Bids remain large so far towards 0.75, a break however might push Aussie towards 0.72 area.
NZD/USD -
Trading at 0.754
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 -
- Global dairy trade price index dropped -3.6% in March.
- Business PMI would be released at 22:30 GMT.
Commentary -
- Kiwi bounced back amid weaker dollar, however bias remains downwards.
- Bearish doji with long upper shadow remains in focus in weekly chart. Very close to a grave stone doji.
USD/CAD -
Trading at 1.241
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 -
- BOC kept rates on hold.
- Manufacturing shipments dropped -1.7% in February.
Commentary -
- Loonie is the best performer this week and today as BOC kept monetary policy on hold and raised inflation forecast.
- Loonie is now trading at support area. Press conference at 16:15 GMT by Governor Poloz might provide guidance, wheather price will break or keep consolidating.


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