Currency snapshot (commodity pairs)

Dollar index trading at 100.70 (-0.02%)

Strength meter (today so far) – Aussie -0.38%, Kiwi -0.26%, Loonie +0.46%

Strength meter (since last week) – Aussie -0.81%, Kiwi +0.04%, Loonie -1.06%

AUD/USD –

Trading at 0.751

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 –

• Aussie is testing the minor support around 0.75 area. It is the worst performer of the week on falling iron ore prices. Aussie might decline to 0.72 area once more to test support.

NZD/USD –

Trading at 0.695

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 down today, hit by risk aversion.

 USD/CAD –

Trading at 1.336

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 –

• Unemployment rate in March increases to 6.7 percent as participation rate ticked up by 0.1 percent.

Commentary –   

• Loonie is the best performer of the day as oil price soared after US attacks Syria.