Currency snapshot (commodity pairs)

Dollar index trading at 95.15 (+0.03%)

Strength meter (today so far) – Aussie +0.23%, Kiwi +0.07%, Loonie +0.02%

Strength meter (since last week) – Aussie -0.67%, Kiwi -0.99%, Loonie -0.75%

AUD/USD –

Trading at 0.739

Trend meter –

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

Support –

• Long term – 0.72, Medium term – 0.75, Short term – 0.75 (broken)

Resistance –

• Long term – 0.825, Medium term – 0.79, Short term – 0.76

Economic release today –

• NIL

Commentary –

• Aussie is down this week amid a U.S. China trade war fear. It is selling off from former support turned resistance.

NZD/USD -

Trading at 0.687

Trend meter -

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

Support –

• Long term – 0.68, Medium term – 0.69, Short term – 0.69 (testing)

Resistance –

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

Economic release today –

• NIL

Commentary –

• Kiwi is back testing support near 0.69 area. The worst performer of the week.

 USD/CAD –

Trading at 1.329

Trend meter –

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

Support –

• Long term – 1.22, Medium term – 1.26, Short term – 1.29

Resistance –

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

Economic release today –

• May ADP employment up 2,900.
• Wholesale sales up 0.1 percent in April.

Commentary –

• Loonie is down this week over trade tensions with the United States amid a stronger dollar.