Dollar index trading at 95.52 (-0.58%)
Strength meter (today so far) - Aussie +0.86%, Kiwi +0.66%, Loonie +0.36%.
Strength meter (since last week) - Aussie +1.16%, Kiwi +1.59%, Loonie +0.84%.
AUD/USD -
Trading at 0.714
Trend meter -
- Long term - Sell, Medium term - Sell, Short term - Range
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 -
- Australia's trade deficit deteriorated to -3.095 billion in August.
- RBA decided to hold policy rate steady at 2%
Commentary -
- Aussie is the best performer today, however China concern likely to weigh going ahead. 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 0.654
Trend meter -
- Long term - Sell, Medium term - Range/sell, Short term - Range
Support -
- Long term - 0.56, Medium term - 0.60, Short term - 0.615
Resistance -
- Long term - 0.71, Medium term - 0.68, Short term - 0.643-0.652
Economic release today -
- Dairy price rose by 9.9% in today's auction making it fourth consecutive price rise.
Commentary -
- Kiwi in for its next target around 0.56 against Dollar, with slowdown in China and further loosening of policy from RBNZ. Kiwi is best performer this week is testing its resistance around 0.65.
USD/CAD -
Trading at 1.304
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 - 1.35
Economic release today -
- Trade balance deteriorated to -$2.53 billion in August.
Commentary -
- Loonie is up in line with broad based strength in commodity currencies. Pair is trading close to 1.3 psychological support. Might fall further as oil has broken above its current triangular consolidation.


What is Zionism? The different meanings of a contested term
1 in 3 uni students experience serious financial hardship. Could concession cards for all help?
Big AI wants to slow down AI research. Is it a safety pause or a strategic retreat?
China’s robots can run faster than Usain Bolt – now they are being prepared for war
Physicists zoom into the birth of cosmic rainstorms with new CERN study
Gold Slides to $4,262 as Hawkish Fed Rate Hike Triggers Technical Breakdown
Synthetic data could ease people’s concerns about privacy breaches. But who gets to create it?
AI is supercharging money scams – here’s what you can do to protect yourself
Banking scandal rocks Brazil’s politics and the country’s presidential election in October 



