Currency snapshot (commodity pairs)

Dollar index trading at 89.7 (-0.46%)

Strength meter (today so far) – Aussie -0.17%, Kiwi +0.27%, Loonie -0.25%

Strength meter (since last week) – Aussie +0.50%, Kiwi +0.41%, Loonie -0.28%

AUD/USD –

Trading at 0.785

Trend meter –

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

Support –

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

Resistance –

• Long term – 0.85, Medium term – 0.825, Short term – 0.8

Economic release today –

• Westpac consumer confidence report will be released at 23:30 GMT.

Commentary –

• Aussie is the best performer of the day. Active call - Buy targeting 0.87

NZD/USD -

Trading at 0.728

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 –

• Food price inflation report will be released at 21:45 GMT.

Commentary –

• Kiwi is struggling to make a comeback as it failed to clear resistance around 0.735 area.

 USD/CAD –

Trading at 1.261

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 (broken)

Economic release today –

• NIL

Commentary –

• Loonie is flat for the day.

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