Currency snapshot (commodity pairs)

Dollar index trading at 90.10 (-0.09%)

Strength meter (today so far) – Aussie +0.04%, Kiwi +0.25%, Loonie +0.06%

Strength meter (since last week) – Aussie +0.04%, Kiwi +0.25%, Loonie +0.06%

AUD/USD –

Trading at 0.771

Trend meter –

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

Support –

• Long term – 0.746, Medium term – 0.765, Short term – 0.765

Resistance –

• Long term – 0.85, Medium term – 0.825, Short term – 0.8

Economic release today –

• NIL

Commentary –

• Aussie started the week on a positive note. Active call - Buy targeting 0.87

NZD/USD -

Trading at 0.722

Trend meter 6

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

Support –

• Long term – 0.68, Medium term – 0.69, Short term – 0.71

Resistance –

• Long term – 0.76, Medium term – 0.735, Short term – 0.735

Economic release today –

• NIL

Commentary –

• Kiwi is the best performer of the day. The focus in on RBNZ meeting later in the week.

 USD/CAD –

Trading at 1.308

Trend meter –

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

Support –

• Long term – 1.2, Medium term – 1.22, Short term – 1.24

Resistance –

• Long term – 1.32, Medium term – 1.3, Short term – 1.3

Economic release today –

• Manufacturing shipments down 1 percent in January.

Commentary –

• Loonie is is up today on a weaker dollar.

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