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Currency snapshot (commodity pairs)

Dollar index trading at 99.71 (-0.05%)

Strength meter (today so far) – Aussie -0.28%, Kiwi -0.18%, Loonie -0.20%

Strength meter (since last week) – Aussie +0.39%, Kiwi +0.43%, Loonie +0.06%

AUD/USD –

Trading at 0.763

Trend meter –

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

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 –

  • Weaker dollar pushed the Aussie up today but weaker iron ore price exerting its damage. Aussie might decline to 0.72 area once more to test support.

NZD/USD –

Trading at 0.706

Trend meter –

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

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 the best performer of the day on weaker dollar and less dovish language from RBNZ last week.

 USD/CAD –

Trading at 1.334

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 –   

  • Oil remains a drag on the loonie, which is only marginally higher today.

 

  • Market Data
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