Dollar index trading at 94.01 (-0.03%)
Strength meter (today so far) – Aussie +0.01%, Kiwi -0.17%, Loonie +0.12%
Strength meter (since last week) – Aussie +0.18%, Kiwi -0.34%, Loonie +0.12%
AUD/USD –
Trading at 0.793
Trend meter –
- Long term – Range, Medium term – Sell, Short term – Range
Support –
- Long term – 0.746, Medium term – 0.765, Short term – 0.77
Resistance –
- Long term – 0.825, Medium term – 0.825, Short term – 0.8
Economic release today –
- NIL
Commentary –
- Aussie is enjoying a major breakout, likely to rise towards 0.82 against the dollar.
NZD/USD –
Trading at 0.743
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Range
Support –
- Long term – 0.67, Medium term – 0.69, Short term – 0.71
Resistance –
- Long term – 0.76, Medium term – 0.745, Short term – 0.745 (testing)
Economic release today –
- Trade balance report for June will be released at 22:45 GMT.
Commentary –
- Kiwi has cleared key resistance around 0.73 area. Active call – Buy Kiwi targeting 0.825
USD/CAD –
Trading at 1.252
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/Sell
Support –
- Long term – 1.26, Medium term – 1.26 (testing), Short term – 1.26 (testing)
Resistance –
- Long term – 1.32, Medium term – 1.295, Short term – 1.28
Economic release today –
- NIL
Commentary –
- Lonnie is marginally higher this week on a weaker dollar.
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