Currency snapshot (commodity pairs)

Dollar index trading at 93.68 (+0.30%)

Strength meter (today so far) – Aussie -0.04%, Kiwi -0.09%, Loonie -0.24%

Strength meter (since last week) – Aussie +1.02%, Kiwi -0.85%, Loonie +0.38%

AUD/USD –

Trading at 0.799

Trend meter –

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

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 (testing)

Economic release today –

• Import price declined by 0.1 percent and export price index declined by 5.7 percent in the second quarter.

Commentary –

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

NZD/USD –

Trading at 0.751

Trend meter –

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

Support –

• Long term – 0.69, Medium term – 0.71, Short term – 0.73

Resistance –

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

Economic release today –

• NIL

Commentary –

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

 USD/CAD –

Trading at 1.249

Trend meter –

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

Support –

• Long term – 1.22, Medium term – 1.235, Short term – 1.26 (broken)

Resistance –

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

Economic release today –

• NIL

Commentary –

• Lonnie is continuing its bull run on rate speculations.

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