Dollar index trading at 97.33 (+0.13%)
Strength meter (today so far) - Aussie +0.76%, Kiwi +0.52%, Loonie +0.08%
Strength meter (since last week) - Aussie +0.82%, Kiwi -0.44%, Loonie -0.67%
AUD/USD -
Trading at 0.749
Trend meter -
- Long term - Sell, Medium term - Sell, Short term - Range
Support -
- Long term - 0.63, Medium term - 0.68, Short term - 0.72
Resistance -
- Long term - 0.78, Medium term - 0.75, Short term - 0.75
Economic release today -
- Home loans dropped -3.6% in January, while investment lending for homes dropped to -1.6%.
Commentary -
- Aussie is best performer this week as it rides on stronger iron ore price. Expect consolidation here.
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 -
- RBNZ will announce monetary policy at 20:00 GMT.
Commentary -
- Kiwi is up sharply today on weaker Dollar.
USD/CAD -
Trading at 1.34
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Sell
Support -
- Long term - 1.285, Medium term - 1.3 , Short term - 1.32
Resistance -
- Long term - 1.5, Medium term - 1.42, Short term - 1.38
Economic release today -
- BoC will announce monetary policy today at 15:00 GMT.
Commentary -
- Canadian Dollar is top performer against Dollar this year, likely to gain further. Next targets are, 1.32, 1.29 and 1.17 area. Focus today is on BOC monetary policy.
