Dollar index trading at 99.03 (-0.15%)
Strength meter (today so far) - Aussie -0.34%, Kiwi -0.15%, Loonie -0.09%.
Strength meter (since last week) - Aussie -0.09%, Kiwi +0.17%, Loonie +0.22%.
AUD/USD
Trading at 0.703
Trend meter
- Long term - Sell, Medium term - Sell, Short term - Range/Sell
Support
- Long term - 0.60, Medium term - 0.69, Short term - 0.7
Resistance
- Long term - 0.82, Medium term - 0.785 -0.79, Short term - 0.74
Economic release today
- ANZ job advertisement grew by 0.4% in October.
Commentary
- No major movement from Aussie today, however further downside beyond 0.7 mark is likely given persistent weakness in Chinese economy.
NZD/USD
Trading at 0.653
Trend meter
- Long term - Sell, Medium term - Range/sell, Short term - Range/Sell
Support
- Long term - 0.56, Medium term - 0.625, Short term - 0.65
Resistance
- Long term - 0.77, Medium term - 0.725, Short term - 0.68
Economic release today
- NIL
Commentary
- Kiwi is likely to drop further towards 0.635 area, however for the time being 0.65 area is providing some support.
USD/CAD
Trading at 1.327
Trend meter
- Long term - Buy, Medium term - Range, Short term - Range
Support
- Long term - 1.19, Medium term - 1.28, Short term - 1.303,
Resistance
- Long term - 1.38, Medium term - 1.35, Short term - 1.34
Economic release today
- Housing starts for October came lower at 198,100.
Commentary
- Canadian Dollar moving in consolidation and risks dropping against Dollar if oil price falls sharply beyond $43/barrel area.
