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Currency snapshot (commodity pairs)

Dollar index trading at 93.74 (+0.04%)

Strength meter (today so far) – Aussie +0.48%, Kiwi +0.13%, Loonie +0.17%

Strength meter (since last week) – Aussie +0.48%, Kiwi +0.13%, Loonie +0.17%

AUD/USD –

Trading at 0.754

Trend meter –

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

Support –

  • Long term – 0.72, Medium term – 0.75, Short term – 0.75 (broken)

Resistance –

  • Long term – 0.825, Medium term – 0.8, Short term – 0.77

Economic release today –

  • NIL

Commentary –

  • Aussie flirting the key support around 0.75 area. The best performer of the day so far..

NZD/USD -

Trading at 0.692

Trend meter -

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

Support –

  • Long term – 0.68, Medium term – 0.69, Short term – 0.69(broken)

Resistance –

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

Economic release today –

  • Credit card spending up 7 percent y/y in April.

Commentary –

  • Kiwi is once again the worst performer of the week.

 USD/CAD –

Trading at 1.286

Trend meter –

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

Support –

  • Long term – 1.22, Medium term – 1.24, Short term – 1.25

Resistance –

  • Long term – 1.32, Medium term – 1.3, Short term – 1.29

Economic release today –

  • NIL

Commentary –

  • Loonie is recovering this week. The focus is on trade talks.

 

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