Currency snapshot (commodity pairs)

Dollar index trading at 92.4 (-0.35%)

Strength meter (today so far) – Aussie +0.43%, Kiwi +0.11%, Loonie -0.05%

Strength meter (since last week) – Aussie +0.35%, Kiwi -0.54%, Loonie +0.52% 

AUD/USD –

Trading at 0.756

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 –

• Investing lending for homes down 9 percent in March.
• Home loans down 2.2 percent in March.

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 0.6,97

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 1.278

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 –

• NIL

Commentary –

• Loonie is the best performer of the week.

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