Dollar index trading at 94.84 (+0.95%)
Strength meter (today so far) - Aussie -0.34%, Kiwi -0.77%, Loonie -0.11%.
Strength meter (since last week) - Aussie -3.19%, Kiwi -3.91%, Loonie -1.14%.
AUD/USD -
Trading at 0.707
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell
Support -
- Long term - 0.60, Medium term - 0.70, Short term - 0.70
Resistance -
- Long term - 0.87, Medium term - 0.83, Short term - 0.78, Immediate - 0.74
Economic release today -
- Construction work done rose by 1.6% in second quarter
Commentary -
- Slowdown in Chinese economy continue to push Aussie lower. Active call - Sell Aussie with stop around 0.785 and 0.825 to target 0.715, 0.70 and 0.65. Closing in on second target.
NZD/USD -
Trading at 0.642
Trend meter -
- Long term - Sell, Medium term - Range/sell, Short term - Range
Support -
- Long term - 0.653, Medium term - 0.65, Short term - 0.65
Resistance -
- Long term - 0.78, Medium term - 0.75, Short term - 0.70, Immediate - 0.68
Economic release today -
- NIL
Commentary -
- Kiwi in for its next target around 0.56 against Dollar, with slowdown in China and further loosening of policy from RBNZ.
USD/CAD -
Trading at 1.333
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy
Support -
- Long term - 1.17, Medium term - 1.217, Short term - 1.265
Resistance -
- Long term - 1.40(broken), Medium term - 1.35, Short term - 1.35
Economic release today -
- NIL
Commentary -
- Loonie has broken recent congestion to the upside, over weaker oil price. Next target is 1.38