Currency snapshot (commodity pairs)

Dollar index trading at 89.57 (+0.27%)

Strength meter (today so far) – Aussie -0.09%, Kiwi -0.20%, Loonie -0.21%

Strength meter (since last week) – Aussie -0.23%, Kiwi +0.24%, Loonie -0.13%  

AUD/USD –

Trading at 0.768

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 down today and for the week as the dollar recovers. Active call - Buy targeting 0.87

NZD/USD -

Trading at 0.725

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 –

• ANZ activity outlook index came at 21.8 percent in March.
• ANZ business confidence declined to -20

Commentary –

• Kiwi is the best performer of the week so far.

 USD/CAD –

Trading at 1.291

Trend meter –

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

Support –

• Long term – 1.22, Medium term – 1.24, Short term – 1.27

Resistance –

• Long term – 1.32, Medium term – 1.3, Short term – 1.3

Economic release today –

• NIL

Commentary –

• Loonie is down this week despite higher oil price and a weaker dollar.

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