Currency snapshot (commodity pairs)

Dollar index trading at 96.22 (-0.04%)

Strength meter (today so far) – Aussie +0.37%, Kiwi -0.18%, Loonie -0.14%

Strength meter (since last week) – Aussie +0.01%, Kiwi -0.73%, Loonie -1.24%

AUD/USD –

Trading at 0.747

Trend meter –

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

Support –

• Long term – 0.683, Medium term – 0.72, Short term – 0.73

Resistance –

• Long term – 0.782, Medium term – 0.765, Short term – 0.75

Economic release today –

• NIL.

Commentary –

• Aussie is best performer this week and today. Active call – Buy AUD/USD at 0.752 and at dip with the stop loss at 0.71 and the target at 0.82

NZD/USD –

Trading at 0.711

Trend meter –

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

Support –

• Long term – 0.66, Medium term – 0.69, Short term – 0.69

Resistance –

• Long term – 0.8, Medium term – 0.76, Short term – 0.73

Economic release today –

• NIL

Commentary –

• Kiwi failed another testing of the area of resistance from around 0.72. Active call – Buy kiwi targeting 0.718 and the stop loss near 0.66

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 –

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

Commentary –   

• Loonie is the weakest performer this week as oil price tumbles.