Currency snapshot (commodity pairs)

Dollar index trading at 90.19 (+0.03%)

Strength meter (today so far) – Aussie -0.13%, Kiwi +0.54%, Loonie -0.16%

Strength meter (since last week) – Aussie -0.13%, Kiwi +0.54%, Loonie -0.16%  

AUD/USD –

Trading at 0.766

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 lower this week so far. Active call - Buy targeting 0.87

NZD/USD -

Trading at 0.728

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 –

• First quarter business confidence report will be released at 22:00 GMT.

Commentary –

• Kiwi recovered from earlier loss and the best performer of the day.

 USD/CAD –

Trading at 1.28

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 –

• Unemployment rate came at 5.8 percent in March.
• Employment rose by 32,300 in March.

Commentary –

• Loonie is the worst performer so far.

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