Dollar index trading at 97.33 (-0.34%)
Strength meter (today so far) - Aussie +0.65%, Kiwi +0.8%, Loonie +0.17%
Strength meter (since last week) - Aussie +3.95%, Kiwi +2.34%, Loonie +0.97%
AUD/USD -
Trading at 0.74
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 (broken)
Economic release today -
- Retail sales rose by 0.3% in January.
Commentary -
- Aussie is best performer this week as it rides on weaker Dollar today.
NZD/USD -
Trading at 0.678
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 -
- NIL
Commentary -
- Kiwi is up sharply today on weaker Dollar.
USD/CAD -
Trading at 1.338
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Sell
Support -
- Long term - 1.285, Medium term - 1.34 (broken), Short term - 1.34(broken)
Resistance -
- Long term - 1.5, Medium term - 1.42, Short term - 1.38
Economic release today -
- NIL
Commentary -
- Canadian Dollar is up but performance subdued as oil price remain stagnant.
