Currency snapshot (commodity pairs)

Dollar index trading at 95.54 (-0.32%)

Strength meter (today so far) - Aussie -0.45%, Kiwi -0.13%, Loonie -0.49%

Strength meter (since last week) - Aussie +0.18%, Kiwi +0.77%, Loonie -0.16%

AUD/USD -

Trading at 0.707

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 -

• Consumer inflation expectations remained flat at 3.6% in February.

Commentary -                                                                               

• Aussie is marginally down on weaker commodity outllok.

NZD/USD -

Trading at 0.667

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 -

• Food price index will be released at 21:45 GMT.

Commentary -

• Kiwi is consolidating amid weaker commodities and weaker Dollar.

USD/CAD -

Trading at 1.399

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 -

• New house prices edged up 0.1% in December.

Commentary -                                                                                         

• Canadian Dollar slipping back due to weaker oil price but weaker Dollar is providing some support.