Currency snapshot (commodity pairs)

Dollar index trading at 89.93 (+0.07%)

Strength meter (today so far) – Aussie -0.14%, Kiwi -0.22%, Loonie -0.32%

Strength meter (since last week) – Aussie +0.04%, Kiwi -0.19%, Loonie -0.71%

AUD/USD –

Trading at 0.784

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 –

• NIL

Commentary –

• Aussie is marginally higher this week so far. Active call - Buy targeting 0.87

NZD/USD -

Trading at 0.727

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 (testing)

Economic release today –

• NIL

Commentary –

• Kiwi gave up earlier gains as it failed to test and break key resistance area around 0.735

 USD/CAD –

Trading at 1.272

Trend meter –

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

Support –

• Long term – 1.2, Medium term – 1.22, Short term – 1.24

Resistance –

• Long term – 1.32, Medium term – 1.28, Short term – 1.28

Economic release today –

• Annual budget will be released at 21:00 GMT.

Commentary –

• Loonie is the worst performer of the week so far.

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