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Currency snapshot (commodity pairs)

Dollar index trading at 97.20 (-0.23%)

Strength meter (today so far) – Aussie +0.10%, Kiwi +0.31%, Loonie -0.19%

Strength meter (since last week) – Aussie +0.10%, Kiwi +0.31%, Loonie -0.19%

AUD/USD –

Trading at 0.717

Trend meter –

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

Support –

  • Long term – 0.67, Medium term – 0.69, Short term – 0.71

Resistance –

  • Long term – 0.79 Medium term – 0.75, Short term – 0.732

Economic release today –

  • NIL

Commentary –

  • The Australian dollar is recovering on the back of a weaker USD.

NZD/USD -

Trading at 0.68

Trend meter -

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

Support –

  • Long term – 0.62, Medium term – 0.65, Short term – 0.66

Resistance –

  • Long term – 0.735, Medium term – 0.72, Short term – 0.695 (testing)

Economic release today –

  • NIL

Commentary –

  • The New Zealand dollar remains upbeat but pressure is mounting as China weakens. Active Call - Sell kiwi targeting 0.59 area.

 USD/CAD –

Trading at 1.34

Trend meter –

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

Support –

  • Long term – 1.26, Medium term – 1.29, Short term – 1.315

Resistance –

  • Long term – 1.365, Medium term – 1.35, Short term – 1.35

Economic release today –

  • NIL

Commentary –

  • Loonie is down this week as lower oil price weigh.   Active Call - Sell USD/CAD at 1.314 targeting 1.25 area.
  • Market Data
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