Currency snapshot (commodity pairs)

Dollar index trading at 93.68 (-0.11%)

Strength meter (today so far) – Aussie +1.36%, Kiwi +0.96%, Loonie +0.62%

Strength meter (since last week) – Aussie +1.36%, Kiwi +0.96%, Loonie +0.62%

AUD/USD –

Trading at 0.747

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 –

• CB leading indicator will be released at 14:30 GMT.

Commentary –                                          

• Aussie is higher on risk affinity today.

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 –

• NIL

Commentary –

• Kiwi is also up fed by the hope of UK’s stay in the union.

USD/CAD –

Trading at 1.281

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 –

• Wholesale sales rose by 0.1% in April.

Commentary –                              

• Loonie is supported by weaker dollar and stronger oil.