Currency snapshot (commodity pairs)

Dollar index trading at 95.56 (+0.44%)

Strength meter (today so far) – Aussie -0.29%, Kiwi -0.39%, Loonie -0.25%

Strength meter (since last week) – Aussie -0.22%, Kiwi -0.56%, Loonie +0.82%

AUD/USD –

Trading at 0.722

Trend meter –

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

Support –

• Long term – 0.683, Medium term – 0.7, Short term – 0.7

Resistance –

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

Economic release today –

• NIL

Commentary –                                                                               

• Aussie is marginally down this week. Active call – Sell Aussie against Dollar @0.75 targeting 0.7 area, with stop loss around 0.785

NZD/USD –

Trading at 0.673

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 – 0.77, Medium term – 0.724, Short term – 0.724

Economic release today –

• NIL

Commentary –

• Kiwi is worst performer of the week.

USD/CAD –

Trading at 1.3

Trend meter –

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

Support –

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

Resistance –

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

Economic release today –

• NIL

Commentary –                                                                                         

• Loonie is best performer this week as BOC kept rates on hold and gave no further hint. Still positive as Crude provide support.