Currency snapshot (commodity pairs)

Dollar index trading at 96.82 (+0.25%)

Strength meter (today so far) - Aussie +0.16%, Kiwi +0.70%, Loonie +0.02%.

Strength meter (since last week) - Aussie +0.16%, Kiwi +0.70%, Loonie +0.02%.

AUD/USD -

Trading at 0.738

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.71, Short term - 0.71-0.715

Resistance -

• Long term - 0.87, Medium term - 0.83, Short term - 0.78, Immediate - 0.75

Economic release today -

• NIL

Commentary -                                                                               

• Aussie continues to consolidate around 0.74 area as 0.75 marks as key resistance. Active call - Sell Aussie with stop around 0.785 and 0.825 to target 0.715, 0.70 and 0.65.

NZD/USD -

Trading at 0.658

Trend meter -

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

Support -

• Long term - 0.653, Medium term - 0.65, Short term - 0.65

Resistance -

• Long term - 0.78, Medium term - 0.75, Short term - 0.70, Immediate - 0.68

Economic release today -

• NIL.

Commentary -

• Kiwi is the best performer today as 0.65 area continues to provide support.

USD/CAD -

Trading at 1.309

Trend meter -

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

Support -

• Long term - 1.17, Medium term - 1.217, Short term - 1.265

Resistance -

• Long term - 1.32, Medium term - 1.315-1.32, Short term - 1.32

Economic release today -

• NIL

Commentary -                                                                                         

• Canadian Dollar remains weak but stronger oil is providing support today. Active call - Canadian dollar remains sell against dollar, the pair might reach as high as 1.38.