Currency snapshot (commodity pairs)

Dollar index trading at 100.75 (-0.05%)

Strength meter (today so far) – Aussie +0.33%, Kiwi -0.11%, Loonie +0.16%

Strength meter (since last week) – Aussie +1.12%, Kiwi +0.91%, Loonie +0.67%

AUD/USD –

Trading at 0.74

Trend meter –

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

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 –

• The Australian dollar is the best performer of the week. 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 0.707

Trend meter –

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

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 –

• The kiwi is still trying to form a base around 0.7 area. We expect kiwi to rise towards 0.81 area.

 USD/CAD –

Trading at 1.338

Trend meter –

• Long term – sell, Medium term – buy, Short term – Range/buy

Support –

• Long term – 1.248, Medium term – 1.25 , Short term – 1.25

Resistance –

• Long term – 1.38, Medium term – 1.345, Short term – 1.345

Economic release today –

• Retail sales report will be released at 13:30 GMT, for the month of September.

Commentary –   

• Despite rise in oil prices loonie’s performance has been weak. We expect the loonie to reach 1.375 and 1.4.