Currency snapshot (commodity pairs)

Dollar index trading at 96.19 (-0.10%)

Strength meter (today so far) – Aussie +0.76%, Kiwi +0.88%, Loonie -0.13%

Strength meter (since last week) – Aussie +1.08%, Kiwi +1.86%, Loonie -1.09%

AUD/USD –

Trading at 0.755

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 – 0.765

Economic release today –

• NIL.

Commentary –

• Aussie is up sharply on safe demand and as the political turmoil is one its way to ease. 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 0.73

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 turned best performer today and this week. Active call – Buy kiwi targeting 0.718 and the stop loss near 0.66

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 –

• Unemployment rate declined to 6.8 percent.

Commentary –   

• Loonie is worst performer of the week on weaker oil price.