Currency snapshot (commodity pairs)

Dollar index trading at 98.81 (+0.26%)

Strength meter (today so far) - Aussie -0.78%, Kiwi -0.54%, Loonie -0.58%.

Strength meter (since last week) - Aussie -0.49%, Kiwi +0.30%, Loonie -0.90%.

AUD/USD -

Trading at 0.715

Trend meter -

• Long term - Sell, Medium term - Sell, Short term - Range

Support -

• Long term - 0.63, Medium term - 0.69, Short term - 0.707

Resistance -

• Long term - 0.76, Medium term - 0.738, Short term - 0.738

Economic release today -

• CB leading indicator to be released at 23:00 GMT.

Commentary -                                                                               

• Aussie remains under selling pressure as commodities remain down and dollar strong.

NZD/USD -

Trading at 0.673

Trend meter -

• Long term - Sell, Medium term - Range/sell, Short term - Range/buy

Support -

• Long term - 0.56, Medium term - 0.618, Short term - 0.643

Resistance -

• Long term - 0.7, Medium term - 0.68, Short term - 0.68

Economic release today -

• NIL

Commentary -

• Kiwi is best performer among commodity pack this week. Buy Kiwi @0.665, targeting 0.69 and stop loss at 0.644

USD/CAD -

Trading at 1.387

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range/buy

Support -

• Long term - 1.285, Medium term - 1.327, Short term - 1.352,

Resistance -

• Long term - 1.4, Medium term - 1.4, Short term - 1.4

Economic release today -

• NIL

Commentary -                                                                                         

• Canadian Dollar reached out 1.385 target, seems like further rise likely if oil remains weak.