Dollar index trading at 95.98 (-0.09%)
Strength meter (today so far) - Aussie -1.64%, Kiwi -0.60%, Loonie +0.32%.
Strength meter (since last week) - Aussie -1.80%, Kiwi -2.21%, Loonie -1.69%.
AUD/USD -
Trading at 0.763
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell
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 -
- Sell Aussie with stop around 0.785 and 0.825 to target 0.715, 0.70 and 0.65.
NZD/USD -
Trading at 0.673
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/sell resistance
Support -
- Long term - 0.653, Medium term - 0.65, Short term - 0.65
Resistance -
- Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.737-0.74, Immediate - 0.705
Economic release today -
- NIL
Commentary -
- Kiwi is getting close to important support area. Kiwi has now declined for consecutive 11th week, which is longest on record.
USD/CAD -
Trading at 1.256
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy
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 dollar remains sell against dollar, however weaker NFP report provided some breathing room for Aussie.