Dollar index trading at 95.66 (+0.09%)
Strength meter (today so far) - Aussie +0.36%, Kiwi +0.13%, Loonie -0.04%.
Strength meter (since last week) - Aussie +1.01%, Kiwi +0.46%, Loonie -0.45%.
AUD/USD -
Trading at 0.771
Trend meter -
- Long term - Sell, Medium term - Range, 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 - 0.793-0.796, Immediate -0.787
Economic release today -
- NIL
Commentary -
- Aussie is best performer this week among commodity pairs as NFP report looms ahead. Pair has bounced back from key support area. However pair remains under bear's control. RBA rate decision provided the support this week.
NZD/USD -
Trading at 0.713
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell resistance
Support -
- Long term - 0.653, Medium term - 0.70, Short term - 0.71-0.708
Resistance -
- Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.737-0.74, Immediate - 0.719-0.721
Economic release today -
- NIL
Commentary -
- Kiwi faces test of key support at 0.7 as NFP looms large. Pair to remain sell resistance and in consolidation unless RBNZ declared next move.
USD/CAD -
Trading at 1.25
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy Support
Support -
- Long term - 1.17, Medium term - 1.1840-1.18, Short term - 1.217, Immediate - 1.238-1.236
Resistance -
- Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.28
Economic release today -
- Canada will declare unemployment stat for May today at 12:30 GMT.
Commentary -
- Canadian dollar is the worst performer this week among commodity pairs, likely to go down further against dollar.