Dollar index trading at 93.85 (-0.44%)
Strength meter (today so far) - Aussie +1.35%, Kiwi +0.72%, Loonie +0.30%.
Strength meter (since last week) - Aussie +1.37%, Kiwi -0.59%, Loonie +0.91%.
AUD/USD -
Trading at 0.782
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 -
- NIL
Commentary -
- Aussie has comeback from support area, suggesting further rise, since FOMC remained dovish. Aussie might test 0.79 resistance area,
NZD/USD -
Trading at 0.694
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell resistance
Support -
- Long term - 0.653, Medium term - 0.65, Short term - 0.65
Resistance -
- Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.737-0.74, Immediate - 0.705
Economic release today -
- NIL
Commentary -
- Kiwi remains a sell, however dovish FOMC might call for correction.
USD/CAD -
Trading at 1.23
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
Resistance -
- Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.28
Economic release today -
- NIL
Commentary -
- Canadian dollar has gained against dollar as dollar has weakened all over the board. Likely to drop further.