Currency snapshot (commodity pairs)

Dollar index trading at 98.31 (+0.42%).

Strength meter (today so far) - Aussie +0.05%, Kiwi +0.29%, Loonie -0.39%.

Strength meter (since last week) - Aussie -0.81%, Kiwi -0.17%, Loonie -0.24%.

AUD/USD -

Trading at 0.772

Trend meter -

• Long term - Sell, Medium term - Sell, Short term - Range/Sell Resistance

Support -

• Long term - 0.60, Medium term - 0.71, Short term - 0.756-0.75

Resistance -

• Long term - 0.87, Medium term - 0.83, Short term - 0.79-0.80

Economic release today -

• RBA sounded upbeat in its latest minutes released today.

Commentary -

• Aussie trading flat today, bounced back over today's RBA minutes. However bears pushed the pair towards 0.768 early today, post Governor Steven's speech yesterday.

NZD/USD -

Trading at 0.768

Trend meter -

• Long term - Sell, Medium term - Buy/Range, Short term - Range/Sell resistance

Support -

• Long term - 0.653, Medium term - 0.719-0.712, Short term - 0.738-0.736, Immediate - 0.744-0.741

Resistance -

• Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.768-0.772

Economic release today -

• NIL

Commentary -

• Kiwi's is the best performer this week and today, however bears remain large around 0.77 resistance area.

USD/CAD -

Trading at 1.223

Trend meter -

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

Support -

• Long term - 1.17, Medium term - 1.1840-1.18, Short term - 1.205-1.20

Resistance -

• Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.267-1.27. Immediate - 1.235-1.241

Economic release today -

• Wholesale sales dropped further in February but at a slower pace of -0.04%

Commentary -

• Loonie is worst performer today as Governor Poloz is expected to keep monetary policy at ease. Traders looking to avoid volatility against dollar, might checkout AUD/CAD, EUR/CAD and GBP/CAD and CAD/JPY to profit from last week's support break.