Currency snapshot (commodity pairs)

Dollar index trading at 90.13 (+0.14%)

Strength meter (today so far) – Aussie +0.03%, Kiwi -0.12%, Loonie -0.45%

Strength meter (since last week) – Aussie +0.03%, Kiwi -0.12%, Loonie -0.45%

AUD/USD –

Trading at 0.774

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 –

• TD securities inflation down 0.1 percent in February, up 2.1 percent from a year ago.
• Building permits rose 17.1 percent in January, up 12 percent from a year ago.

Commentary –

• Aussie is sharply down this week as the dollar recovers on Fed hike speculation. Active call - Buy targeting 0.87

NZD/USD -

Trading at 0.722

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 –

• ANZ commodity price rose 2.8 percent in February.

Commentary –

• Kiwi is struggling to gain and break key resistance area around 0.735

 USD/CAD –

Trading at 1.293

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 –

• NIL

Commentary –

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

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