Currency snapshot (commodity pairs)

Dollar index trading at 89.66 (-0.05%)

Strength meter (today so far) – Aussie -0.64%, Kiwi +0.08%, Loonie +0.12%

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

AUD/USD –

Trading at 0.773

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 –

• The unemployment rate edged up by 0.1 percent to 5.6 percent as the participation rate edged up by 0.1 percent to 65.7 percent. Employment rose by 17,500.

Commentary –

• Aussie recovered from earlier loss as dollar weakens after FOMC meeting. Active call - Buy targeting 0.87

NZD/USD -

Trading at 0.724

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 recovered from earlier loss on a weaker dollar after RBNZ meeting.

 USD/CAD –

Trading at 1.288

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 –

• NIL

Commentary –

• Loonie is the best performer of the week so far.

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