Dollar index trading at 95.94 (-0.08%)
Strength meter (today so far) - Aussie +0.41%, Kiwi +0.94%, Loonie -0.20%.
Strength meter (since last week) - Aussie -0.38%, Kiwi -0.30%, Loonie -0.74%.
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 relatively better performer today but further slide likely. 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 0.636
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 -
- Building permits to be released at 23:50 GMT.
Commentary -
- Kiwi in for its next target around 0.56 against Dollar, with slowdown in China and further loosening of policy from RBNZ. No change in trend is still at sight.
USD/CAD -
Trading at 1.342
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, immediate -1.32
Resistance -
- Long term - 1.38, Medium term - 1.35, Short term - 1.35
Economic release today -
- Industrial product price index dropped by -0.3% in August from July.
Commentary -
- Loonie reached lowest level in more than 11 years against Dollar. Steady deterioration suggests market's expectations of further policy easing. Failed to gain on stronger oil price today.
