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Currency snapshot (commodity pairs)

Dollar index trading at 97.04 (-0.10%)

Strength meter (today so far) – Aussie +0.16%, Kiwi +0.68%, Loonie +0.05%

Strength meter (since last week) – Aussie +0.16%, Kiwi +0.68%, Loonie +0.05%

AUD/USD –

Trading at 0.747

Trend meter –

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

Support –

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

Resistance –

  • Long term – 0.782, Medium term – 0.78, Short term – 0.755

Economic release today –

  • NIL

Commentary –

  • The Australian dollar heading to test waters around the key 0.75 area. Aussie might decline to 0.72 area once more to test support.

NZD/USD –

Trading at 0.697

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 –

  • NIL

Commentary –

  • The kiwi is the best performer of the day, rising on a weaker dollar.

 USD/CAD –

Trading at 1.35

Trend meter –

  • Long term – sell, Medium term – buy, Short term – Range/buy

Support –

  • Long term – 1.32, Medium term – 1.33, Short term – 1.35

Resistance –

  • Long term – 1.38, Medium term – 1.38, Short term – 1.38

Economic release today –

  • NIL

Commentary –   

  • Loonie remains upbeat ahead of OPEC meeting on Thursday.

 

  • Market Data
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