Currency snapshot (commodity pairs)

Dollar index trading at 95.13 (+0.39%)

Strength meter (today so far) – Aussie -0.50%, Kiwi -0.53%, Loonie -0.48%

Strength meter (since last week) – Aussie -1.01%, Kiwi -0.68%, Loonie -0.56%

AUD/USD –

Trading at 0.745

Trend meter –

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

Support –

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

Resistance –

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

Economic release today –

• House price index up 2 percent y/y in the first quarter.

Commentary –

• Aussie is the worst performer of the week amid a U.S. China trade war fear. It is selling off from former support turned resistance.

NZD/USD -

Trading at 0.695

Trend meter -

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

Support –

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

Resistance –

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

Economic release today –

• Global dairy auction is scheduled today.
• Current account balance for the first quarter will be released at 22:45 GMT.

Commentary –

• Kiwi is back testing support near 0.69 area.

 USD/CAD –

Trading at 1.318

Trend meter –

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

Support –

• Long term – 1.22, Medium term – 1.26, Short term – 1.29

Resistance –

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

Economic release today –

• NIL

Commentary –

• Loonie is down this week over trade tensions with the United States amid a stronger dollar.

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