Currency snapshot (commodity pairs)

Dollar index trading at 90.42 (-0.08%)

Strength meter (today so far) – Aussie -0.45%, Kiwi +0.07%, Loonie -0.22%

Strength meter (since last week) – Aussie -0.13%, Kiwi +0.92%, Loonie +0.06%

AUD/USD –

Trading at 0.797

Trend meter –

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

Support –

• Long term – 0.746, Medium term – 0.75, Short term – 0.765

Resistance –

• Long term – 0.825, Medium term – 0.8, Short term – 0.8

Economic release today –

• NIL

Commentary –

• Aussie declined sharply as U.S. imposes tariffs on Chinese goods such as solar panels.

NZD/USD -

Trading at 0.732

Trend meter –

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

Support –

• Long term – 0.68, Medium term – 0.69, Short term – 0.71

Resistance –

• Long term – 0.76, Medium term – 0.735, Short term – 0.735

Economic release today –

• NIL

Commentary –

• Kiwi is the best performer this week.

 USD/CAD –

Trading at 1.248

Trend meter –

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

Support –

• Long term – 1.2, Medium term – 1.22, Short term – 1.246 (testing)

Resistance –

• Long term – 1.355, Medium term – 1.32, Short term – 1.30

Economic release today –

• NIL

Commentary –

• Loonie is likely to strengthen from here.

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