Currency snapshot (commodity pairs)

Dollar index trading at 94.97 (-0.22%)

Strength meter (today so far) – Aussie +0.47%, Kiwi +1%, Loonie +0.30%

Strength meter (since last week) – Aussie +2.28%, Kiwi +3.76%, Loonie +1.76%

AUD/USD –

Trading at 0.767

Trend meter –

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

Support –

• Long term – 0.683, Medium term – 0.728, Short term – 0.742

Resistance –

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

Economic release today –

• NIL

Commentary –                                                                               

• Aussie is up more than 2% this week against Dollar, however weaker commodities are being a drag.

NZD/USD –

Trading at 0.693

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 – 0.77, Medium term – 0.724, Short term – 0.69 (testing/broken)

Economic release today –

• NIL

Commentary –

• Kiwi is best performer this week and today and broken above a significant resistance. Bulls aiming 0.8 area.

USD/CAD –

Trading at 1.303

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 –

• NIL

Commentary –                                                                                         

• Loonie is up despite oil being drag, thanks to weaker Dollar. Next targets are, 1.285 and 1.17 area.