Currency snapshot (commodity pairs)

Dollar index trading at 98.03 (-0.36%)

Strength meter (today so far) - Aussie +0.52%, Kiwi +0.56%, Loonie +0.10%

Strength meter (since last week) - Aussie +1.45%, Kiwi +1.55%, Loonie +0.86%

AUD/USD -

Trading at 0.727

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 -

• NIL

Commentary -                                                                               

• Aussie is up this week, fuelled by weaker Dollar across board.

NZD/USD -

Trading at 0.682

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 (broken), Short term - 0.68 (broken)

Economic release today -

• NIL

Commentary -

• Kiwi is best performer this week.

USD/CAD -

Trading at 1.383

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 recovered lost ground as oil price gained ground.