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The value of electronic retail card spending in New Zealand rose a seasonally adjusted 0.1 percent on month in June, Statistics New Zealand said on Monday - down from the 1.8 percent increase in May.

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The euro came close to parity with the US dollar on Friday and looks likely to reach it. Germany records its first trade deficit in over 30 years and may have to ration gas.

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Bitcoin has picked up a small bid this week and moved marginally higher. While the short-term outlook looks marginally more positive, the longer-term outlook remains negative.

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The Australian Dollar seesawed through the week, with an RBA rate hike and a blistering trade surplus. US Dollar strength keeps AUD/USD low, boosting the domestic economy.
The weekly price is on ranging near and aroud 200 SMA waiting for the direction of the bearish trend to be resumed in case the price breaks 0.6762 support to below or the bullish reversal to be started if the price breaks 0.7282 resistance level.

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USD/CAD may face a larger correction ahead of the Bank of Canada (BoC) interest rate decision as the central bank is expected to normalize monetary policy at a faster pace.

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