Currency snapshot (commodity pairs)

Dollar index trading at 90.48 (+0.15%)

Strength meter (today so far) – Aussie -0.18%, Kiwi -0.31%, Loonie -0.19%

Strength meter (since last week) – Aussie -1.38%, Kiwi -1.22%, Loonie -1.33%

AUD/USD –

Trading at 0.78

Trend meter –

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

Support –

• Long term – 0.746, Medium term – 0.765, Short term – 0.785 (broken)

Resistance –

• Long term – 0.85, Medium term – 0.825, Short term – 0.825

Economic release today –

• NIL

Commentary –

• Aussie is down this week as the dollar recovers. Active call - Buy targeting 0.87

NZD/USD -

Trading at 0.721

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 down sharply as it failed to clear resistance around 0.735 area.

 USD/CAD –

Trading at 1.259

Trend meter –

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

Support –

• Long term – 1.2, Medium term – 1.22, Short term – 1.22

Resistance –

• Long term – 1.3, Medium term – 1.28, Short term – 1.25

Economic release today –

• Housing starts report will be released at 13:15 GMT, followed by new housing price report at 13:30 GMT.

Commentary –

• Loonie is down this week as NAFTA tensions weigh and as the dollar recovers.

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