Dollar index trading at 92.37 (-0.09%)
Strength meter (today so far) – Aussie -1.06%, Kiwi -0.29%, Loonie -0.30%
Strength meter (since last week) – Aussie -0.86%, Kiwi +0.30%, Loonie -1.26%
AUD/USD –
Trading at 0.793
Trend meter –
- Long term – Range/Buy, Medium term – Buy, Short term – Range/Buy
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 (testing)
Economic release today –
- NIL
Commentary –
- Aussie is declining over profit booking and China rating news.
NZD/USD –
Trading at 0.731
Trend meter –
- Long term – Sell, Medium term – Buy, Short term – Range/Buy
Support –
- Long term – 0.69, Medium term – 0.71, Short term – 0.71
Resistance –
- Long term – 0.76, Medium term – 0.76, Short term – 0.75
Economic release today –
- NIL
Commentary –
- Kiwi is the best performer of the week so far as poll shows ruling National Party headed for a big win in Saturday’s election. Active call – Buy Kiwi targeting 0.825.
USD/CAD –
Trading at 1.235
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range/sell
Support –
- Long term – 1.2, Medium term – 1.2, Short term – 1.2
Resistance –
- Long term – 1.27, Medium term – 1.235, Short term – 1.235
Economic release today –
- July wholesales up 1.5 percent.
Commentary –
- The loonie is the worst performer of the week.
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest