Currency snapshot (commodity pairs)

Dollar index trading at 93.01 (-0.11%)

Strength meter (today so far) – Aussie -0.05%, Kiwi -0.09%, Loonie +0.03%

Strength meter (since last week) – Aussie +0.82%, Kiwi +1.41%, Loonie +0.38%

AUD/USD –

Trading at 0.762

Trend meter –

• Long term – Range/Buy, Medium term – Buy, Short term – Range/Sell

Support –

• Long term – 0.746, Medium term – 0.75, Short term – 0.765 (broken)

Resistance –

• Long term – 0.825, Medium term – 0.8, Short term – 0.78

Economic release today –

• NIL

Commentary –

• Aussie recovered on weaker dollar and stronger commodities price.

NZD/USD –

Trading at 0.688

Trend a eter –

• Long term – Sell, Medium term – Sell, Short term – Range/Sell

Support –

• Long term – 0.66, Medium term – 0.68, Short term – 0.68 (testing)

Resistance –

• Long term – 0.76, Medium term – 0.76, Short term – 0.725

Economic release today –

• NIL

Commentary –

• Kiwi is consolidating around 0.69 area and is likely to decline towards 0.64 area. It is the best performer this week.

 USD/CAD –

Trading at 1.272

Trend meter –

• Long term – sell, Medium term – sell, Short term – Range/Buy

Support –

• Long term – 1.2, Medium term – 1.22, Short term – 1.246

Resistance –

• Long term – 1.355, Medium term – 1.32, Short term – 1.28

Economic release today –

• NIL

Commentary –

• Loonie recovered earlier loss on Keystone XL pipeline news, higher oil price, and a weaker dollar.

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