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Currency snapshot (commodity pairs)

Dollar index trading at 101.06 (-0.21%)

Strength meter (today so far) – Aussie +0.18%, Kiwi -0.11%, Loonie -0.23%

Strength meter (since last week) – Aussie +0.18%, Kiwi -0.11%, Loonie -0.23%

AUD/USD –

Trading at 0.765

Trend meter –

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

Support –

  • Long term – 0.71, Medium term – 0.73, Short term – 0.75

Resistance –

  • Long term – 0.782, Medium term – 0.78, Short term – 0.78

Economic release today –

  • Company gross profits rose by 20.1 percent in the fourth quarter.

Commentary –

  • The Aussie is likely to continue to test the key resistance around 0.78 area. Strong dollar poses threat, while commodities provide support.

NZD/USD –

Trading at 0.713

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 –

  • January trade balance will be released at 21:45 GMT.

Commentary –

  • Kiwi is marginally down to start off the week.

 USD/CAD –

Trading at 1.315

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 day, the focus is on BoC policy ahead.

 

  • Market Data
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