Currency snapshot (commodity pairs)

Dollar index trading at 89.41 (-0.47%)

Strength meter (today so far) – Aussie -0.05%, Kiwi -0.34%, Loonie +0.09%

Strength meter (since last week) – Aussie +0.15%, Kiwi +0.08%, Loonie +0.08%

AUD/USD –

Trading at 0.777

Trend meter –

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

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 is up this week thanks to a weaker dollar. Active call - Buy targeting 0.87

NZD/USD -

Trading at 0.736

Trend meter -

• 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 –

• Global Dairy auction is scheduled today.

Commentary –

• Kiwi is up this week as dollar declines amid geopolitical tensions.

 USD/CAD –

Trading at 1.258

Trend meter –

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

Support –

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

Resistance –

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

Economic release today –

• Manufacturing shipments report will be released at 12:30 GMT.

Commentary –               

• Loonie is up this week on a weaker dollar.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest