Dollar index trading at 95.16 (+0.60%)
Strength meter (today so far) - Aussie +0.04%, Kiwi -0.63%, Loonie -0.21%.
Strength meter (since last week) - Aussie +1.52%, Kiwi -0.63%, Loonie +0.99%.
AUD/USD -
Trading at 0.773
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/ Buy support
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
Economic release today -
- Consumer inflation expectation dropped to 3% from 3.6%.
- Employed rose by 42,000, pushing unemployment rate to 6.1%.
Commentary -
- Aussie is trying to pose bounce back from support area as dollar is weakening all across board. Aussie might reach 0.79 against dollar, however stop should be kept around 0.764. Fundamentally Aussie remains sell against dollar.
NZD/USD -
Trading at 0.7
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell resistance
Support -
- Long term - 0.653, Medium term - 0.70 (broken), Short term - 0.7-0.696
Resistance -
- Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.737-0.74, Immediate - 0.72
Economic release today -
- RBNZ reduced policy rates by 25 basis points and kept the easing window open for future meetings.
Commentary -
- Kiwi has broken below 0.7 as dollar firmed and RBNZ provided rate cut, however some bounce back is possible.
USD/CAD -
Trading at 1.231
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 - 1.217-1.213, Immediate - 1.238-1.236 (broken)
Resistance -
- Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.28
Economic release today -
- NIL
Commentary -
- Canadian dollar slipped as dollar firmed and oil rolled back yesterday's gains. If oil fails to break into new high, loonie remains sell against dollar.


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