Currency snapshot (commodity pairs)

Dollar index trading at 95.18 (+0.36%)

Strength meter (today so far) – Aussie -0.46%, Kiwi -0.58%, Loonie -0.25%

Strength meter (since last week) – Aussie -0.34%, Kiwi -0.56%, Loonie -0.73%

AUD/USD –

Trading at 0.737

Trend meter –

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

Support –

• Long term – 0.7, Medium term – 0.72, Short term – 0.72

Resistance –

• Long term – 0.825, Medium term – 0.79, Short term – 0.76

Economic release today –

• NIL

Commentary –

• Aussie is struggling amid trade uncertainty and a stronger dollar. Gave up earlier gains against the USD.

NZD/USD -

Trading at 0.673

Trend meter -

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

Support –

• Long term – 0.62, Medium term – 0.65, Short term – 0.67

Resistance –

• Long term – 0.735, Medium term – 0.735, Short term – 0.705

Economic release today –

• NIL

Commentary –

• Kiwi has decisively broken support near 0.69 area and likely to go down further. However, it has found support around 0.67 area. Active Call - Sell kiwi targeting 0.62 area.

 USD/CAD –

Trading at 1.319

Trend meter –

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

Support –

• Long term – 1.26, Medium term – 1.29, Short term – 1.31

Resistance –

• Long term – 1.35, Medium term – 1.33, Short term – 1.33

Economic release today –

• NIL

Commentary –

• Loonie is struggling over trade tensions with the United States despite a weaker dollar. The worst performer of the week so far.