Currency snapshot (commodity pairs)

Dollar index trading at 94.39 (-0.20%)

Strength meter (today so far) – Aussie -0.06%, Kiwi -0.15%, Loonie +0.16%

Strength meter (since last week) – Aussie +0.27%, Kiwi +0.09%, Loonie -0.85%

AUD/USD –

Trading at 0.739

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 –

• NIL

Commentary –                                                                               

• Aussie is marginally higher this week, torn between weaker Dollar and risk aversion.

NZD/USD –

Trading at 0.705

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 –

• NIL

Commentary –

• Kiwi is also up only marginally. May make a doji candle in weekly chart.

USD/CAD –

Trading at 1.289

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 –

• CPI for May will be released at 12:30 GMT.

Commentary –                                                                                         

• Loonie is best performer today but worst this week and all courtesy to oil.