Currency snapshot (commodity pairs)

Dollar index trading at 94.01 (-0.03%)

Strength meter (today so far) – Aussie +0.01%, Kiwi -0.17%, Loonie +0.12%

Strength meter (since last week) – Aussie +0.18%, Kiwi -0.34%, Loonie +0.12%

AUD/USD –

Trading at 0.793

Trend meter –

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

Support –

• Long term – 0.746, Medium term – 0.765, Short term – 0.77

Resistance –

• Long term – 0.825, Medium term – 0.825, Short term – 0.8

Economic release today –

• NIL

Commentary –

• Aussie is enjoying a major breakout, likely to rise towards 0.82 against the dollar.

NZD/USD –

Trading at 0.743

Trend meter –

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

Support –

• Long term – 0.67, Medium term – 0.69, Short term – 0.71

Resistance –

• Long term – 0.76, Medium term – 0.745, Short term – 0.745 (testing)

Economic release today –

• Trade balance report for June will be released at 22:45 GMT.

Commentary –

• Kiwi has cleared key resistance around 0.73 area. Active call – Buy Kiwi targeting 0.825

 USD/CAD –

Trading at 1.252

Trend meter –

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

Support –

• Long term – 1.26, Medium term – 1.26 (testing), Short term – 1.26 (testing)

Resistance –

• Long term – 1.32, Medium term – 1.295, Short term – 1.28

Economic release today –

• NIL

Commentary –

• Lonnie is marginally higher this week on a weaker dollar.

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