Currency snapshot (commodity pairs)

Dollar index trading at 95.80 (-0.91%)

Strength meter (today so far) - Aussie +0.26%, Kiwi +0.70%, Loonie +0.86%

Strength meter (since last week) - Aussie +0.47%, Kiwi +0.69%, Loonie +1.19%

AUD/USD -

Trading at 0.709

Trend meter -

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

Support -

• Long term - 0.63, Medium term - 0.68, Short term - 0.703

Resistance -

• Long term - 0.75, Medium term - 0.738, Short term - 0.733

Economic release today -

• National Australia business bank confidence came flat at 2 and conditions dropped to 5 from 6.

Commentary -                                                                               

• Aussie is up but performance subdued over risk aversion.

NZD/USD -

Trading at 0.666

Trend meter -

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

Support -

• Long term - 0.56, Medium term - 0.62, Short term - 0.643

Resistance -

• Long term - 0.7, Medium term - 0.69, Short term - 0.69

Economic release today -

• NIL

Commentary -

• Kiwi rose sharply as Dollar weakened.

USD/CAD -

Trading at 1.38

Trend meter -

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

Support -

• Long term - 1.285, Medium term - 1.385, Short term - 1.395,

Resistance -

• Long term - 1.5, Medium term - 1.45, Short term - 1.42

Economic release today -

• NIL

Commentary -                                                                                         

• Canadian Dollar gained despite weaker oil price on weak Dollar.