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Currency snapshot (commodity pairs)

Dollar index trading at 89.41 (-0.47%)

Strength meter (today so far) – Aussie -0.84%, Kiwi -0.67%, Loonie -0.60%

Strength meter (since last week) – Aussie -1.34%, Kiwi -1.96%, Loonie -1.14%   

AUD/USD –

Trading at 0.766

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 down sharply thanks to broad based recovery in the 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 –

  • NIL

Commentary –

  • Kiwi is the worst performer of the week.

 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 –

  • Retail sales rose by 0.4 percent m/m in February, flat excluding autos.
  • BoC core CPI up 1.4 percent y/y in March.

Commentary –

  • Loonie is down this week, despite higher oil price as the dollar recovers.

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