Dollar index trading at 94.98 (+0.03%)
Strength meter (today so far) - Aussie -0.95%, Kiwi -0.97%, Loonie -0.10%.
Strength meter (since last week) - Aussie -0.65%, Kiwi -0.97%, Loonie -0.02%.
AUD/USD -
Trading at 0.775
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/ Buy support
Support -
- Long term - 0.60, Medium term - 0.71, Short term - 0.756-0.75
Resistance -
- Long term - 0.87, Medium term - 0.83, Short term - 0.793-0.796
Economic release today -
- NIL
Commentary -
- Aussie is dropped sharply ahead of FED today. FOMC could turn out as make or break event for Aussie
NZD/USD -
Trading at 0.699
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell resistance
Support -
- Long term - 0.653, Medium term - 0.65, Short term - 0.7-0.693(broken)
Resistance -
- Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.737-0.74, Immediate - 0.72
Economic release today -
- GDP to be released at 22:45 GMT.
Commentary -
- Kiwi failing to bounce back, dropped sharply ahead of FED. Kiwi remains sell against dollar. Selling at break out and rallies are recommended.
USD/CAD -
Trading at 1.23
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy Support
Support -
- Long term - 1.17, Medium term - 1.1840-1.18, Short term - 1.217-1.213
Resistance -
- Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.28
Economic release today -
- NIL
Commentary -
- Canadian remains sell against dollar, however higher oil price is providing necessary support to loonie. Focus is on FED.