Currency snapshot (commodity pairs)

Dollar index trading at 97.45 (+0.00%)

Strength meter (today so far) - Aussie -0.42%, Kiwi -0.20%, Loonie -0.04%

Strength meter (since last week) - Aussie +0.88%, Kiwi +1.58%, Loonie +1.62%

AUD/USD -

Trading at 0.72

Trend meter -

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

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 consolidating around 0.72 area against Dollar, supported by rise I oil price and equities.

NZD/USD -

Trading at 0.673

Trend meter -

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

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 recovered sharply as risk sentiment improved.

USD/CAD -

Trading at 1.354

Trend meter -

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

Support -

• Long term - 1.285, Medium term - 1.34, Short term - 1.365(broken)

Resistance -

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

Economic release today -

• NIL

Commentary -                                                                                         

• Canadian Dollar is best performer this week as oil price rose and showing further strength.