Dollar index trading at 96.85 (+0.01%)
Strength meter (today so far) - Aussie -0.82%, Kiwi -0.83%, Loonie -0.60%
Strength meter (since last week) - Aussie -0.25%, Kiwi -0.42%, Loonie +0.14%
AUD/USD -
Trading at 0.709
Trend meter -
- Long term - Sell, Medium term - Sell, Short term - Range/Buy
Support -
- Long term - 0.63, Medium term - 0.68, Short term - 0.703
Resistance -
- Long term - 0.75, Medium term - 0.738, Short term - 0.733
Economic release today -
- NIL
Commentary -
- Aussie is marginally down for the week.
NZD/USD -
Trading at 0.658
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Buy
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, but recovered ground after early selling.
USD/CAD -
Trading at 1.382
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range
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 -
- BOC consumer price rose by 0.3% in January, up 2% from a year ago.
Commentary -
- Canadian Dollar is still up for the week but giving up gains as oil price declining.
