Currency snapshot (commodity pairs)

Dollar index trading at 92.93 (-0.21%)

Strength meter (today so far) – Aussie +0.56%, Kiwi +0.08%, Loonie +0.33%

Strength meter (since last week) – Aussie -0.42%, Kiwi -1.03%, Loonie +0.26%  

AUD/USD –

Trading at 0.75

Trend meter –

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

Support –

• Long term – 0.72, Medium term – 0.75, Short term – 0.75 (broken)

Resistance –

• Long term – 0.825, Medium term – 0.8, Short term – 0.77

Economic release today –

• NIL

Commentary –           

• Aussie has decisively broken the key support around 0.75 area. However, recovered grounds after dollar weakens on CPI report.

NZD/USD -

Trading at 0.694

Trend meter -

• Long term – Sell, Medium term – Sell, Short term – Range/Sell

Support –

• Long term – 0.68, Medium term – 0.69, Short term – 0.7(broken)

Resistance –

• Long term – 0.76, Medium term – 0.735, Short term – 0.735

Economic release today –

• NIL

Commentary –

• Kiwi is once again the worst performer of the week.

 USD/CAD –

Trading at 1.281

Trend meter –

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

Support –

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

Resistance –

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

Economic release today –

• New house price index up 2.4 percent y/y in March.

Commentary –                          

• Loonie is the best performer of the week.

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