Currency snapshot (commodity pairs)

Dollar index trading at 95.04 (+0.47%)

Strength meter (today so far) – Aussie -0.91%, Kiwi -0.69%, Loonie -0.72%

Strength meter (since last week) – Aussie -0.37%, Kiwi -0.37%, Loonie -1.89%

AUD/USD –

Trading at 0.734

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 –

• Unemployment rate came at 5.7 percent.
• Consumer inflation expectations rose to 3.5 percent.

Commentary –  

• Aussie declined sharply over stronger Dollar and risk aversion.

NZD/USD –

Trading at 0.703

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 –

• Business PMI for May will be announced at 22:30 GMT.

Commentary –

• Kiwi is the best performer today.

USD/CAD –

Trading at 1.302

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 –

• NIL

Commentary –   

• Loonie is down over weaker oil price and worst performer this week.