Currency snapshot (commodity pairs)

Dollar index trading at 102.4 (+0.01%)

Strength meter (today so far) – Aussie +0.01%, Kiwi -0.09%, Loonie -0.01%

Strength meter (since last week) – Aussie +1.54%, Kiwi +0.96%, Loonie +0.96%

AUD/USD –

Trading at 0.729

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, thanks to weaker dollar and stronger metal prices.

NZD/USD –

Trading at 0.696

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 –

• Kiwi trying to forma base around key support at 0.69 area.

 USD/CAD –

Trading at 1.33

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 –

• Raw material price and industrial product price numbers will be published at 13:30 GMT.

Commentary –   

• Loonie remains well performer this week, despite weakness in the oil price. We expect the loonie to reach 1.375 and 1.4.