Currency snapshot (commodity pairs)

Dollar index trading at 96.03 (-0.4%)

Strength meter (today so far) – Aussie +0.47%, Kiwi +0.78%, Loonie +0.20%

Strength meter (since last week) – Aussie -0.77%, Kiwi -0.41%, Loonie -0.31%

AUD/USD –

Trading at 0.739

Trend meter –

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

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 gained ground on risk affinity and weaker dollar.

NZD/USD –

Trading at 0.707

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 – 0.72, Medium term – 0.72, Short term – 0.72

Economic release today –

• NIL

Commentary –

• Kiwi is best performer today.

USD/CAD –

Trading at 1.303

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 gained as dollar dropped and oil rose.