Currency snapshot (commodity pairs)

Dollar index trading at 103.43 (+0.53%)

Strength meter (today so far) – Aussie +0.33%, Kiwi -0.16%, Loonie -0.04%

Strength meter (since last week) – Aussie +0.56%, Kiwi +0.33%, Loonie -0.15%

AUD/USD –

Trading at 0.722

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 –

• Aussie is the best performer of the week.

NZD/USD –

Trading at 0.692

Trend meter –

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

Support –

• Long term – 0.66, Medium term – 0.69 (broken), Short term – 0.69 (broken)

Resistance –

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

Economic release today –

• NIL

Commentary –

• Focus for the day is on GDT.

 USD/CAD –

Trading at 1.345

Trend meter –

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

Support –

• Long term – 1.28, Medium term – 1.3 , Short term – 1.3

Resistance –

• Long term – 1.38, Medium term – 1.365, Short term – 1.365

Economic release today –

• NIL

Commentary –   

• Loonie is the worst performer of the week, despite rise in oil prices. We expect the loonie to reach 1.375 and 1.4.