Dollar index trading at 94.60 (+1.27%)
Strength meter (today so far) - Aussie +0.05%, Kiwi +0.91%, Loonie -0.23%.
Strength meter (since last week) - Aussie -1.78%, Kiwi -2.37%, Loonie -1.03%.
AUD/USD
Trading at 0.721
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
- CB leading indicator dropped by -0.2% in June.
Commentary
- Slowdown in Chinese economy continue to pose headwinds for the currency.. Active call - Sell Aussie with stop around 0.785 and 0.825 to target 0.715, 0.70 and 0.65. First target reached today.
NZD/USD
Trading at 0.652
Trend meter
- Long term - Sell, Medium term - Range/sell, Short term - Range
Support
- Long term - 0.653, Medium term - 0.65, Short term - 0.65
Resistance
- Long term - 0.78, Medium term - 0.75, Short term - 0.70, Immediate - 0.68
Economic release today
- NIL
Commentary
- Kiwi recovered sharply from 0.62 area and trading above 0.65 area again. Kiwi remains best performer today.
USD/CAD
Trading at 1.332
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 - 1.32(broken), Medium term - 1.315-1.32(broken), Short term - 1.32(broken)
Economic release today
- NIL
Commentary
- Loonie has broken recent congestion to the upside, over weaker oil price and extended gains further today. Next target 1.38 area.


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