Dollar index trading at 97.48 (+0.62%).
Strength meter (today so far) - Aussie -0.25%, Kiwi +0.03%, Loonie -0.75%.
Strength meter (since last week) - Aussie -0.25%, Kiwi +0.03%, Loonie -0.75%.
AUD/USD -
Trading at 0.761
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell Resistance
Support -
- Long term - 0.60, Medium term - 0.71, Short term - 0.756-0.75
Resistance -
- Long term - 0.87, Medium term - 0.83, Short term - 0.793-0.796, Immediate -0.787
Economic release today -
- AIG performance of manufacturing index improved to 52.3 in May from 48 prior.
- Building permits dropped by -4.4% m/m in April, still up by 16.3% from a year ago.
Commentary -
- Aussie is still weak but selloffs have stabilized as price stands very close to crucial short term support.
NZD/USD -
Trading at 0.71
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell resistance
Support -
- Long term - 0.653, Medium term - 0.70, Short term - 0.71-0.708
Resistance -
- Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.737-0.74, Immediate - 0.719-0.721
Economic release today -
- NIL
Commentary -
- Kiwi is best performer today as crucial 0.70 mark providing psychological support.
USD/CAD -
Trading at 1.254
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy Support
Support -
- Long term - 1.17, Medium term - 1.1840-1.18, Short term - 1.217, Immediate - 1.238-1.236
Resistance -
- Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.28
Economic release today -
- RBC manufacturing PMI came at 49.8, higher than prior 49, but still at contractionary zone.
Commentary -
- Canadian dollar biggest loser today, set to lose grounds further.