Dollar index trading at 99.54 (-0.20%)
Strength meter (today so far) - Aussie +0.81%, Kiwi +0.51%, Loonie +0.51%.
Strength meter (since last week) - Aussie +0.14%, Kiwi -0.20%, Loonie +0.36%.
AUD/USD -
Trading at 0.724
Trend meter -
- Long term - Sell, Medium term - Sell, Short term - Range/Buy
Support -
- Long term - 0.63, Medium term - 0.69, Short term - 0.707
Resistance -
- Long term - 0.76, Medium term - 0.738, Short term - 0.727
Economic release today -
- NIL
Commentary -
- Aussie recovered yesterday's big loss and moved into green for the week. Likely to target 0.74 area in the shorter term.
NZD/USD -
Trading at 0.654
Trend meter -
- Long term - Sell, Medium term - Range/sell, Short term - Range/Sell
Support -
- Long term - 0.56, Medium term - 0.618, Short term - 0.643
Resistance -
- Long term - 0.7, Medium term - 0.68, Short term - 0.663
Economic release today -
- NIL
Commentary -
- Kiwi is likely to drop further if it fails to clear resistance around 0.66, remains worst performer of the week.
USD/CAD -
Trading at 1.329
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range
Support -
- Long term - 1.285, Medium term - 1.302, Short term - 1.322,
Resistance -
- Long term - 1.4, Medium term - 1.36, Short term - 1.343
Economic release today -
- NIL
Commentary -
- Thanks to rising oil price, Loonie is the best performer of the week.
