Currency snapshot (commodity pairs)

Dollar index trading at 89.24 (-0.22%)

Strength meter (today so far) – Aussie +0.60%, Kiwi +1.01%, Loonie -0.04%

Strength meter (since last week) – Aussie +0.60%, Kiwi +1.01%, Loonie -0.04% 

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 –

• NIL

Commentary –

• Aussie is up today as the dollar weakens on trade tensions. Active call - Buy targeting 0.87

NZD/USD -

Trading at 0.729

Trend meter 6

• 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 –

• NIL.

Commentary –

• Kiwi is the best performer of the day

 USD/CAD –

Trading at 1.289

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 – 1.3, Short term – 1.3

Economic release today –

• Retail sales grew 0.3 percent in January.
• Consumer price inflation up 2.2 percent y/y in February.

Commentary –

• Loonie is the worst performer of the day.

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