Currency snapshot (commodity pairs)

Dollar index trading at 94 (+0.51%)

Strength meter (today so far) – Aussie -0.81%, Kiwi +0.04%, Loonie -0.39%

Strength meter (since last week) – Aussie +0.91%, Kiwi +2.42%, Loonie +1.54%

AUD/USD –

Trading at 0.743

Trend meter –

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

Support –

• Long term – 0.683, Medium term – 0.7, Short term – 0.71

Resistance –

• Long term – 0.782, Medium term – 0.75, Short term – 0.75

Economic release today –

• Home loans increased by 1.7%, while investment lending for homes declined by 5%

Commentary –              

• Aussie is worst performer today on stronger Dollar.

NZD/USD –

Trading at 0.712

Trend meter –

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

Support –

• Long term – 0.62, Medium term – 0.63, Short term – 0.656

Resistance –

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

Economic release today –

• RBNZ kept policy steady.
• Electronic card sales will be released 22:45 GMT.

Commentary –

• Kiwi best performer this week as RBNZ signals rate pause.

USD/CAD –

Trading at 1.273

Trend meter –

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

Support –

• Long term – 1.248, Medium term – 1.25 , Short term – 1.25

Resistance –

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

Economic release today –

• New housing price index rose 2.1% y/y.

Commentary –                         

• Loonie declined marginally on stronger Dollar but remain supported by high oil price.