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Dollar index trading at 94.17 (+0.09%)
Strength meter (today so far) - Aussie -0.57%, Kiwi -0.65%, Loonie -0.53%.
Strength meter (since last week) - Aussie -0.57%, Kiwi -0.65%, Loonie -0.53%.
AUD/USD -
Trading at 0.772
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/ Buy support
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
Economic release today -
- NIL
Commentary -
- Aussie facing tough resistance from dollar this week. Buying at support is recommended unless support at 0.75 area breaks.
NZD/USD -
Trading at 0.686
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell
Support -
- Long term - 0.653, Medium term - 0.65, Short term - 0.65
Resistance -
- Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.737-0.74, Immediate - 0.705
Economic release today -
- NIL
Commentary -
- Kiwi remains a sell, as economic activity continues to surprise to downside.
USD/CAD -
Trading at 1.233
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 - 1.217-1.213
Resistance -
- Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.28. Immediate - 1.25
Economic release today -
- Retail sales dropped by -0.1% in April and -0.6% excluding Autos.
Commentary -
- Canadian dollar-US dollar pair has bounced back from support area and loonie is likely to remain sell against dollar, unless crude moves up.
