Currency snapshot (commodity pairs)

Dollar index trading at 96.78 (-0.28%)

Strength meter (today so far) - Aussie +0.64%, Kiwi +0.70%, Loonie +0.14%.

Strength meter (since last week) - Aussie +0.64%, Kiwi +0.70%, Loonie +0.14%.

AUD/USD -

Trading at 0.726

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.69, Short term - 0.719-717

Resistance -

• Long term - 0.82, Medium term - 0.785 -0.79, Short term - 0.74

Economic release today -

• NIL

Commentary -                                                                               

• Commodity currencies are continuing their rally against Dollar as risk appetite improved.

NZD/USD -

Trading at 0.68

Trend meter -

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

Support -

• Long term - 0.56, Medium term - 0.625, Short term - 0.66

Resistance -

• Long term - 0.77, Medium term - 0.725, Short term - 0.7

Economic release today -

• NIL

Commentary -

• Kiwi might gain further against Dollar as soft commodity prices improve including milk.

USD/CAD -

Trading at 1.313

Trend meter -

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

Support -

• Long term - 1.19, Medium term - 1.28, Short term - 1.303,

Resistance -

• Long term - 1.38, Medium term - 1.35, Short term - 1.34

Economic release today -

• NIL

Commentary -                                                                                         

• Loonie is the worst performer today as oil price slipped further, especially the north American benchmark.