Currency snapshot (commodity pairs)

Dollar index trading at 95.86 (-0.08%)

Strength meter (today so far) – Aussie -0.29%, Kiwi +0.25%, Loonie -0.01%

Strength meter (since last week) – Aussie +0.41%, Kiwi +1.11%, Loonie +0.45%

AUD/USD –

Trading at 0.753

Trend meter –

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

Support –

• Long term – 0.683, Medium term – 0.71, Short term – 0.742

Resistance –

• Long term – 0.82, Medium term – 0.79, Short term – 0.79

Economic release today –

• NIL

Commentary –                                                                               

• Aussie is worst performer this week as stronger Dollar weigh amid decline in commodity prices.

NZD/USD –

Trading at 0.676

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 –

• Building permits for February will be released at 12:30 GMT.

Commentary –

• Kiwi is best performer this week.

USD/CAD –

Trading at 1.318

Trend meter –

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

Support –

• Long term – 1.285, Medium term – 1.285 , Short term – 1.285

Resistance –

• Long term – 1.38, Medium term – 1.35, Short term – 1.33

Economic release today –

• Raw material price index declined by -2.6% in February and industrial product price by -1.1%.

Commentary –                                                                                         

• Loonie is focused on Dollar and oil for further cues. Next targets are, 1.285 and 1.17 area.