Currency snapshot (commodity pairs)

Dollar index trading at 97.2 (+0.85%).

Strength meter (today so far) - Aussie -1.02%, Kiwi -0.88%, Loonie -0.93%.

Strength meter (since last week) - Aussie -1.05%, Kiwi -0.77%, Loonie -1.24%.

AUD/USD -

Trading at 0.774

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.71, Short term - 0.756-0.75, Immediate - 0.77-0.768

Resistance -

• Long term - 0.87, Medium term - 0.83, Short term - 0.793-0.796, Immediate -0.787

Economic release today -

• NIL

Commentary -                                                                               

• Aussie is the worst performer among commodity pairs. Further decline is likely towards short term support area.

NZD/USD -

Trading at 0.724

Trend meter -

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

Support -

• Long term - 0.653, Medium term - 0.719-0.712, Short term - 0.72

Resistance -

• Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.768-0.772, Immediate - 0.74

Economic release today -

• NIL

Commentary -

• Kiwi selloffs gathered pace, further downside is likely, however price is approaching critical support. Partial profit booking is recommended.

USD/CAD -

Trading at 1.243

Trend meter -

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

Support -

• Long term - 1.17, Medium term - 1.1840-1.18, Short term - 1.217

Resistance -

• Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.235-1.241

Economic release today -

• NIL

Commentary -

• Canadian dollar is expected to lose further against dollar. Target is coming around 1.285-1.29.