Dollar index trading at 95.35 (+0.24%)
Strength meter (today so far) – Aussie -0.74%, Kiwi -0.71%, Loonie -0.93%
Strength meter (since last week) – Aussie -0.20%, Kiwi -0.19%, Loonie -0.88%
AUD/USD –
Trading at 0.752
Trend meter –
- Long term – Range, Medium term – Sell, Short term – Range
Support –
- Long term – 0.683, Medium term – 0.72, Short term – 0.73
Resistance –
- Long term – 0.782, Medium term – 0.765, Short term – 0.765
Economic release today –
- National Australia bank’s business confidence grew to 6, while condition declined to 7.
Commentary –
- The Australian dollar scaled back large portions of the gains since last week as risk aversion has hit markets and the dollar gained back further grounds. Active call – Buy AUD/USD at 0.752 and at dip with the stop loss at 0.71 and the target at 0.82
NZD/USD –
Trading at 0.731
Trend meter –
- Long term – Sell, Medium term – Range, Short term – range
Support –
- Long term – 0.66, Medium term – 0.69, Short term – 0.69
Resistance –
- Long term – 0.8, Medium term – 0.76, Short term – 0.73
Economic release today –
- Current account for the second quarter will be reported at 22:45 GMT.
Commentary –
- The kiwi is testing support at ).73 area that was former resistance. We expect kiwi to rise towards 0.81 area.
USD/CAD –
Trading at 1.314
Trend meter –
- Long term – sell, Medium term – sell, Short term – Range
Support –
- Long term – 1.248, Medium term – 1.25 , Short term – 1.25
Resistance –
- Long term – 1.34, Medium term – 1.325, Short term – 1.325
Economic release today –
- NIL
Commentary –
- The Canadian dollar is the worst performer of the day as oil slides.
