Currency snapshot (commodity pairs)

Dollar index trading at 95.56 (-0.21%)

Strength meter (today so far) – Aussie +0.30%, Kiwi +0.22%, Loonie +0.06%

Strength meter (since last week) – Aussie +0.30%, Kiwi +0.22%, Loonie +0.06%

AUD/USD –

Trading at 0.766

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 –                                                                               

• Australian dollar is up today and the best performer among commodities’ pair, however yet to break above key resistance area decisively. 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 0.72

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 –

• New Zealand dollar remains stable and hovers around 0.72, test of key resistance around 0.72 area likely.

USD/CAD –

Trading at 1.293

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 – 1.34, Medium term – 1.325, Short term – 1.325

Economic release today –

• RBNZ governor Wheeler is scheduled to speak at 20:30 GMT.

Commentary –                                                                                         

• The Canadian dollar is marginally up against the dollar today.