Currency snapshot (commodity pairs)

Dollar index trading at 99.02 (-0.18%)

Strength meter (today so far) - Aussie +0.17%, Kiwi -0.01%, Loonie -0.12%.

Strength meter (since last week) - Aussie +0.23%, Kiwi +0.43%, Loonie +0.16%.

AUD/USD -

Trading at 0.705

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.69, Short term - 0.7

Resistance -

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

Economic release today -

• NIL

Commentary -                                                                               

• Aussie is hovering around 0.7 mark, unsure of next move.

NZD/USD -

Trading at 0.655

Trend meter -

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

Support -

• Long term - 0.56, Medium term - 0.625, Short term - 0.65

Resistance -

• Long term - 0.77, Medium term - 0.725, Short term - 0.68

Economic release today -

• New Zealand business PMI to be released at 21:30 GMT, followed by Food price index at 21:45 GMT.

Commentary -

• Kiwi is finding support around 0.65 area, however further downside likely.

USD/CAD -

Trading at 1.328

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 -                                                                                         

• Canadian Dollar moving in line with similar lacklustre move in all commodity pairs.