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Currency snapshot (commodity pairs)

Dollar index trading at 95.65 (-0.04%)

Strength meter (today so far) – Aussie -0.22%, Kiwi -0.01%, Loonie -0.26%

Strength meter (since last week) – Aussie -0.22%, Kiwi -0.01%, Loonie -0.26%

AUD/USD –

Trading at 0.719

Trend meter –

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

Support –

  • Long term – 0.67, Medium term – 0.69, Short term – 0.7

Resistance –

  • Long term – 0.79 Medium term – 0.75, Short term – 0.732

Economic release today –

  • TD securities inflation 0.4 percent in December.

Commentary –

  • The Australian is continuing to trade in a tight range. The focus is on Sino-American trade talks.

NZD/USD -

Trading at 0.682

Trend meter -

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

Support –

  • Long term – 0.62, Medium term – 0.65, Short term – 0.66

Resistance –

  • Long term – 0.735, Medium term – 0.72, Short term – 0.695

Economic release today –

  • NIL

Commentary –

  • The New Zealand dollar remains upbeat as economy remains robust and as the USD weakens. Active Call - Sell kiwi targeting 0.59 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 – 1.315

Resistance –

  • Long term – 1.365, Medium term – 1.35, Short term – 1.35

Economic release today –

  • NIL

Commentary –

  • Loonie is the worst performer of the day.
  • Market Data
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