Currency snapshot (commodity pairs)

FXCM Dollar index trading at 11835 (+0.01%)

Strength meter (today so far) – Aussie -0.45%, Kiwi -0.64%, Loonie -0.40%

Strength meter (since last week) – Aussie +0.78%, Kiwi +0.26%, Loonie +0.90%

AUD/USD –

Trading at 0.777

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 –

• Westpac leading economic index declined -0.1%.

Commentary –                                                                               

• Aussie remains one of the top performers as iron ore price touches $70/ton

NZD/USD –

Trading at 0.694

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 – 0.724

Economic release today –

• Dairy auction is scheduled today.

Commentary –

• Kiwi worst performer today and this week.

USD/CAD –

Trading at 1.269

Trend meter –

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

Support –

• Long term – 1.19, Medium term – 1.22 , Short term – 1.25

Resistance –

• Long term – 1.334, Medium term – 1.32, Short term – 1.3

Economic release today –

• NIL

Commentary –                                                                                         

• Loonie is best performing commodity pair as oil price soared.. All targets reached except 1.17 area, which may take a while and correction higher for the pair.