Currency snapshot (commodity pairs)

Dollar index trading at 99.07 (-0.46%)

Strength meter (today so far) - Aussie +1.15%, Kiwi +1.12%, Loonie +0.24%.

Strength meter (since last week) - Aussie +1.15%, Kiwi +0.60%, Loonie +0.35%.

AUD/USD -

Trading at 0.72

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 just riding the weak Dollar, grinding higher. Aussie is the best performer of the week.

NZD/USD -

Trading at 0.658

Trend meter -

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

Support -

• Long term - 0.56, Medium term - 0.625, Short term - 0.635

Resistance -

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

Economic release today -

• NIL

Commentary -

• Kiwi rose sharply today as Dollar weakened across board. It reached initial target of 0.645 before bounce back, however downtrend is still at play.

USD/CAD -

Trading at 1.327

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 -                                                                                         

• Loonie hasn't been much of a mover lately, lacking direction.