Currency snapshot (commodity pairs)

Dollar index trading at 101.92 (+0.10%)

Strength meter (today so far) – Aussie -0.36%, Kiwi -0.20%, Loonie -0.17%

Strength meter (since last week) – Aussie -0.38%, Kiwi -1.26%, Loonie -0.51%

AUD/USD –

Trading at 0.756

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 –

• NIL

Commentary –

• Aussie is the best performer of the day as RBA maintained optimistic outlook.

NZD/USD –

Trading at 0.695

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 has once again broken below 0.7 support area and it is the worst performer of the week so far.

 USD/CAD –

Trading at 1.343

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 –

• Housing starts number for February will be released at 13:15 GMT, followed by building permits and fourth quarter labor productivity number at 13:30 GMT.

Commentary –   

• Loonie is consolidating around 1.35 area as uncertainties in US looms amid weaker oil price.