Currency snapshot (commodity pairs)

Dollar index trading at 97.55 (+0.83%)

Strength meter (today so far) - Aussie +0.95%, Kiwi +1.15%, Loonie +0.36%

Strength meter (since last week) - Aussie +0.95%, Kiwi +1.15%, Loonie +0.36%

AUD/USD -

Trading at 0.721

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 -

• NIL

Commentary -                                                                               

• Aussie is higher today as risk appetite pushed metals higher.

NZD/USD -

Trading at 0.67

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 is best performer of the day on rising risk on environment.

USD/CAD -

Trading at 1.37

Trend meter -

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

Support -

• Long term - 1.285, Medium term - 1.365, Short term - 1.365,

Resistance -

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

Economic release today -

• NIL

Commentary -                                                                                         

• Canadian Dollar rode higher on higher oil price.