Dollar index trading at 95.95 (-0.28%)
Strength meter (today so far) - Aussie -0.38%, Kiwi -0.55%, Loonie -0.24%.
Strength meter (since last week) - Aussie -0.38%, Kiwi -0.55%, Loonie -0.24%.
AUD/USD -
Trading at 0.699
Trend meter -
- Long term - Sell, Medium term - Sell, Short term - Range/Buy
Support -
- Long term - 0.60, Medium term - 0.65, Short term - 0.685, immediate - 0.695
Resistance -
- Long term - 0.83, Medium term - 0.725, Short term - 0.725
Economic release today -
- NIL
Commentary -
- Aussie is marginally down today, however worries over China has resurfaced pushing commodities lower. It is likely to keep pressure up on Aussie.. Active call - Sell Aussie @ 0.76 with stop around 0.785 and 0.825 to target 0.715, 0.70, 0.685 and 0.65.
NZD/USD -
Trading at 0.634
Trend meter -
- Long term - Sell, Medium term - Range/sell, Short term - Range/Sell
Support -
- Long term - 0.56, Medium term - 0.60, Short term - 0.615
Resistance -
- Long term - 0.71, Medium term - 0.68, Short term - 0.643-0.65
Economic release today -
- NIL
Commentary -
- Kiwi in for its next target around 0.56 against Dollar, with slowdown in China and further loosening of policy from RBNZ. Worries on China slowdown is hitting the markets, pushing commodities down again.
USD/CAD -
Trading at 1.336
Trend meter -
- Long term - Buy, Medium term - Range, Short term - Range/Buy
Support -
- Long term - 1.19, Medium term - 1.26, Short term - 1.29
Resistance -
- Long term - 1.38, Medium term - 1.35, Short term - 1.34
Economic release today -
- NIL
Commentary -
- Loonie is relatively better performer, but lower oil price is creating headwinds for the currency.
