Currency snapshot (commodity pairs)

Dollar index trading at 89.74 (+0.15%)

Strength meter (today so far) – Aussie -0.47%, Kiwi -0.61%, Loonie -0.09%

Strength meter (since last week) – Aussie -0.12%, Kiwi -0.99%, Loonie -0.34% 

AUD/USD –

Trading at 0.775

Trend meter –

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

Support –

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

Resistance –

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

Economic release today –

• NIL

Commentary –              

• Aussie gave up earlier gains as the dollar recovers ground. Active call - Buy targeting 0.87

NZD/USD -

Trading at 0.728

Trend meter -

• 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 –

• NIL

Commentary –

• Kiwi is the worst .performer of the week after it rejected at key resistance once more.

 USD/CAD –

Trading at 1.264

Trend meter –

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

Support –

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

Resistance –

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

Economic release today –

• NIL.

Commentary –                         

• Loonie is down for the week giving up earlier gains.

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