Dollar index trading at 99.41 (+0.84%)
Strength meter (today so far) - Aussie +0.04%, Kiwi +0.17%, Loonie -0.09%
Strength meter (since last week) - Aussie +1.26%, Kiwi +0.03%, Loonie +0.53%
AUD/USD -
Trading at 0.709
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 -
- Private sector credit rose 6.6% in December from a year ago.
Commentary -
- Aussie's is best performer this week.
NZD/USD -
Trading at 0.649
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 worst performer this week as dovish RBNZ taking its toll.
USD/CAD -
Trading at 1.404
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 -
- Raw material price index dropped -5% in December.
- Industrial product price dropped -0.2% in December.
- GDP rose 0.3% in November.
Commentary -
- Canadian Dollar flat today as oil gain stalled.
