Dollar index trading at 96.36 (-0.85%)
Strength meter (today so far) - Aussie +0.26%, Kiwi +0.79%, Loonie +0.09%.
Strength meter (since last week) - Aussie +0.26%, Kiwi +0.79%, Loonie +0.09%.
AUD/USD -
Trading at 0.73
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Sell
Support -
- Long term - 0.60, Medium term - 0.71, Short term - 0.71-0.715
Resistance -
- Long term - 0.87, Medium term - 0.83, Short term - 0.78, Immediate - 0.75
Economic release today -
- NIL.
Commentary -
- Aussie is up marginally today due to global weakness in dollar. Sell Aussie with stop around 0.785 and 0.825 to target 0.715, 0.70 and 0.65.
NZD/USD -
Trading at 0.663
Trend meter -
- Long term - Sell, Medium term - Range, Short term - Range/Buy support
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 -
- Though trend remains bearish, long Kiwi, with 0.65 as support in the shorter term.
USD/CAD -
Trading at 1.302
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy
Support -
- Long term - 1.17, Medium term - 1.217, Short term - 1.265
Resistance -
- Long term - 1.298-1.315, Medium term - 1.30-1.305, Short term - 1.30
Economic release today -
- NIL
Commentary -
- Canadian dollar remains sell against dollar, the pair might reach as high as 1.38. However loonie gained some ground against dollar today, in spite of weaker oil price.
