Currency snapshot (commodity pairs)

Dollar index trading at 100.29 (+0.38%)

Strength meter (today so far) – Aussie -0.52%, Kiwi -0.89%, Loonie -0.41%

Strength meter (since last week) – Aussie -0.29%, Kiwi +0.94%, Loonie +1.36%

AUD/USD –

Trading at 0.755

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 Aussie is hovering above key support area of 0.75, but is the worst performer of the day and the week.

NZD/USD –

Trading at 0.725

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 declined as the dollar recovered. Focus is on RBNZ outlook.

 USD/CAD –

Trading at 1.313

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 up on weaker dollar and firmer oil price; the best performer of the day. We expect the loonie to reach 1.375 and 1.4.