Dollar index trading at 98.25 (+0.07%)
Strength meter (today so far) - Aussie +0.32%, Kiwi +0.02%, Loonie +0.23%
Strength meter (since last week) - Aussie +0.55%, Kiwi -0.08%, Loonie +0.02%
AUD/USD -
Trading at 0.716
Trend meter -
- Long term - Sell, Medium term - Sell, Short term - Range
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 -
- Building permits declined by -7.5% in January, down -15.5% from a year ago.
- Current account balance for fourth quarter came at -$21.1 billion.
Commentary -
- With metals' rise, Aussie is the best performer this week.
NZD/USD -
Trading at 0.66
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range
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 -
- Global dairy auctions scheduled for today.
Commentary -
- Dairy auction likely to prompt next move in Kiwi.
USD/CAD -
Trading at 1.35
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Sell
Support -
- Long term - 1.285, Medium term - 1.34, Short term - 1.35
Resistance -
- Long term - 1.5, Medium term - 1.45, Short term - 1.42
Economic release today -
- Canada fourth quarter GDP figure will be released at 13:30 GMT.
Commentary -
- Canadian Dollar is is almost flat for the week, however might gain more ground as oil price strengthen.
