Dollar index trading at 98.54 (+0.20%)
Strength meter (today so far) - Aussie +1.11%, Kiwi +0.47%, Loonie +0.57%
Strength meter (since last week) - Aussie +1.11%, Kiwi +0.47%, Loonie +0.57%
AUD/USD -
Trading at 0.703
Trend meter -
- Long term - Sell, Medium term - Sell, Short term - Range/Sell
Support -
- Long term - 0.68, Medium term - 0.69, Short term - 0.7
Resistance -
- Long term - 0.74, Medium term - 0.738, Short term - 0.738
Economic release today -
- NIL
Commentary -
- Aussie recovered sharply today as risk aversion faded.
NZD/USD -
Trading at 0.657
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell
Support -
- Long term - 0.56, Medium term - 0.62, Short term - 0.643
Resistance -
- Long term - 0.7, Medium term - 0.69, Short term - 0.69
Economic release today -
- NIL
Commentary -
- Kiwi is up today from key 0.65 support area, further decline likely.
USD/CAD -
Trading at 1.407
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/buy
Support -
- Long term - 1.285, Medium term - 1.385, Short term - 1.395,
Resistance -
- Long term - 1.5, Medium term - 1.45, Short term - 1.42
Economic release today -
- Housing starts for December came at 173,000.
- Bank of Canada will release at 15:30 GMT.
Commentary -
- Canadian Dollar remains weak due to lower oil price.
