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Currency snapshot (commodity pairs)

Dollar index trading at 89.84 (+0.06%)

Strength meter (today so far) – Aussie -0.46%, Kiwi -0.22%, Loonie -0.12%

Strength meter (since last week) – Aussie +0.03%, Kiwi +0.25%, Loonie -1.26%

AUD/USD –

Trading at 0.784

Trend meter –

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

Support –

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

Resistance –

  • Long term – 0.85, Medium term – 0.825, Short term – 0.8

Economic release today –

  • NIL

Commentary –

  • Aussie is the almost flat for the week so far. Active call - Buy targeting 0.87

NZD/USD -

Trading at 0.729

Trend meter 6

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

Support –

  • Long term – 0.68, Medium term – 0.69, Short term – 0.71

Resistance –

  • Long term – 0.76, Medium term – 0.735, Short term – 0.735

Economic release today –

  • Business PMI report will be released at 21:30 GMT.

Commentary –

  • Kiwi is up on a weaker dollar, looking to gain and break key resistance area around 0.735 It is the best performer of the week so far.

 USD/CAD –

Trading at 1.297

Trend meter –

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

Support –

  • Long term – 1.2, Medium term – 1.22, Short term – 1.24

Resistance –

  • Long term – 1.32, Medium term – 1.3, Short term – 1.3

Economic release today –

  • NIL

Commentary –

  • Loonie is the worst performer of the day and week so far.

 

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