Trump's Iran War Speech Sparks Market Anxiety Over Extended Conflict 
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Strait of Hormuz Disruption Sparks Global Oil Supply Fears 
Goldman Sachs Cuts 2026 Copper Price Forecast Amid Global Growth Concerns 
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Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
 - EconoTimes)
Dollar index trading at 96.80 (-0.70%)
Strength meter (today so far) - Aussie +0.55%, Kiwi +0.36%, Loonie -0.25%.
Strength meter (since last week) - Aussie +0.76%, Kiwi +0.81%, Loonie +0.04%.
AUD/USD -
Trading at 0.733
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 -
- Producer price index rose by 0.3% in second quarter, up 1.1% from a year ago.
- Private sector credit rose 0.4% in June from May and 5.9% from a year ago.
Commentary -
- Aussie performance improved relatively, however bias remains downside. Active call -
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/sell, 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 -
- ANZ business confidence deteriorated in June to -15.3 from -2.3.
- ANZ activity outlook dropped to 19 from 23.6 prior.
Commentary -
- Kiwi bears are likely to keep testing 0.65 resistance level as economic outlook remains weak.
USD/CAD -
Trading at 1.303
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 - 1.30-1.31, Short term - 1.30
Economic release today -
- GDP dropped -0.2% on monthly basis.
Commentary -
- Canadian dollar remains sell against dollar, the pair might reach as high as 1.38. Economic outlook still remains clouded.
