Currency snapshot (commodity pairs)

Dollar index trading at 100.75 (-0.21%)

Strength meter (today so far) – Aussie +0.16%, Kiwi +0.24%, Loonie -0.18%

Strength meter (since last week) – Aussie +0.16%, Kiwi +0.24%, Loonie -0.18%

AUD/USD –

Trading at 0.768

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 – 0.78, Short term – 0.78

Economic release today –

• NIL

Commentary –

• The Aussie is consolidating below key resistance around 0.78 area. Rise in commodity prices are providing support to Aussie.

NZD/USD –

Trading at 0.719

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 – 0.733

Economic release today –

• NIL

Commentary –

• Kiwi is up today but remains overall downbeat despite strong commodity prices on RBNZ’s too strong a currency comment.

 USD/CAD –

Trading at 1.31

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 consolidating as it lacks clear direction. The focus is on Canadian Prime Minister’s meeting with US President Donald Trump.