Currency snapshot (commodity pairs)

Dollar index trading at 94.35 (-0.17%)

Strength meter (today so far) – Aussie -0.21%, Kiwi +0.05%, Loonie -0.22%

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

AUD/USD –

Trading at 0.742

Trend meter –

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

Support –

• Long term – 0.7, Medium term – 0.72, Short term – 0.72

Resistance –

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

Economic release today –

• NIL

Commentary –

• Aussie is struggling amid trade uncertainty while a weaker dollar provides support.

NZD/USD -

Trading at 0.689

Trend meter -

• Long term – Sell, Meprovidesrm – 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.

 USD/CAD –

Trading at 1.327

Trend meter –

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

Support –

• Long term – 1.26, Medium term – 1.29, Short term – 1.31

Resistance –

• Long term – 1.35, Medium term – 1.33, Short term – 1.33

Economic release today –

• NIL

Commentary –

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

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