Dollar index trading at 99.81 (+0.14%)
Strength meter (today so far) – Aussie -0.08%, Kiwi +0.22%, Loonie +0.09%
Strength meter (since last week) – Aussie +0.53%, Kiwi -0.06%, Loonie -0.16%
AUD/USD –
Trading at 0.764
Trend meter –
- Long term – Range, Medium term – Sell, Short term – Range
Support –
- Long term – 0.71, Medium term – 0.73, Short term – 0.75
Resistance –
- Long term – 0.782, Medium term – 0.78, Short term – 0.78
Economic release today –
- NIL
Commentary –
- Aussie continues to suffer weaker commodity prices. Aussie might decline to 0.72 area once more to test support.
NZD/USD –
Trading at 0.702
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Range
Support –
- Long term – 0.66, Medium term – 0.69, Short term – 0.69
Resistance –
- Long term – 0.8, Medium term – 0.76, Short term – 0.733
Economic release today –
- NIL
Commentary –
- Kiwi is still hovering around 0.7 support handle. Consolidation likely to continue.
USD/CAD –
Trading at 1.336
Trend meter –
- Long term – sell, Medium term – buy, Short term – Range/buy
Support –
- Long term – 1.28, Medium term – 1.3 , Short term – 1.3
Resistance –
- Long term – 1.38, Medium term – 1.365, Short term – 1.365
Economic release today –
- NIL
Commentary –
- Loonie recovered on oil price recovery but still the worst performer of the week.