Currency snapshot (commodity pairs)

Dollar index trading at 99.08 (-0.05%)

Strength meter (today so far) – Aussie -0.21%, Kiwi -0.13%, Loonie -0.05%

Strength meter (since last week) – Aussie +0.41%, Kiwi +0.73%, Loonie -0.23%

AUD/USD –

Trading at 0.752

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 –

• RBA kept interest rates steady at 1.5 percent.

Commentary –

• Aussie is trying to claw back lost grounds as it found support near 0.75 area. Aussie might decline to 0.72 area once more to test support.

NZD/USD –

Trading at 0.691

Trend meter –

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

Support –

• Long term – 0.66, Medium term – 0.67, Short term – 0.67

Resistance –

• Long term – 0.76, Medium term – 0.73, Short term – 0.723

Economic release today –

• The first quarter unemployment report will be released at 22:45 GMT.
• The global dairy auction is scheduled today.

Commentary –

• Kiwi is recovering after last week’s big selloffs. The area around 0.69 is providing support. The focus is on dairy auction today.

 USD/CAD –

Trading at 1.368

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 week.