Dollar index trading at 95.98 (-0.17%)
Strength meter (today so far) - Aussie -0.63%, Kiwi +1.46%, Loonie +0.02%.
Strength meter (since last week) - Aussie -0.63%, Kiwi +1.46%, Loonie +0.02%.
AUD/USD -
Trading at 0.711
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 -
- TD securities inflation rose to 1.7% in August from a year ago.
- HIA new home sales dropped by -0.4% in July.
- Company gross operating profit dropped by -1.9% q/q in second quarter.
Commentary -
- Aussie is consolidating above 0.7 mark with downside bias. Active call - Sell Aussie with stop around 0.785 and 0.825 to target 0.715, 0.70 and 0.65.
NZD/USD -
Trading at 0.636
Trend meter -
- Long term - Sell, Medium term - Range/sell, Short term - Range/Sell
Support -
- Long term - 0.56, Medium term - 0.60, Short term - 0.60
Resistance -
- Long term - 0.78, Medium term - 0.75, Short term - 0.70, Immediate - 0.68
Economic release today -
- Terms of trade index to be released at 22:45 GMT.
- ANZ business confidence deteriorated to -29.1 in August, compared to -15.3 in July.
Commentary -
- Kiwi in for its next target around 0.56 against Dollar, with slowdown in China and further loosening of policy from RBNZ. Kiwi remains worst performer today.
USD/CAD -
Trading at 1.319
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy
Support -
- Long term - 1.17, Medium term - 1.217, Short term - 1.29
Resistance -
- Long term - 1.40(broken), Medium term - 1.35, Short term - 1.35
Economic release today -
- Current account balance came at -17.4 billion in second quarter, compared to -$18.15 billion in first.
Commentary -
- Loonie is the best performer today as oil price jumped back sharply for three consecutive days.


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