Currency snapshot (commodity pairs)

Dollar index trading at 93.54 (+0.23%)

Strength meter (today so far) – Aussie -0.21%, Kiwi -0.37%, Loonie -0.27%

Strength meter (since last week) – Aussie -0.45%, Kiwi -1.18%, Loonie -0.23%   

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 –

• Consumer inflation expectations rose to 3.7 percent.
• Employment rose by 22,600. However, unemployment rate ticked up to 5.6 percent on higher participation.

Commentary –

• Aussie flirting the key support around 0.75 area. Gave up earlier gains as the dollar recovers.

NZD/USD -

Trading at 0.688

Trend meter -

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

Support –

• Long term – 0.68, Medium term – 0.69, Short term – 0.69(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 day.

 USD/CAD –

Trading at 1.282

Trend meter –

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

Support –

• Long term – 1.22, Medium term – 1.24, Short term – 1.25

Resistance –

• Long term – 1.32, Medium term – 1.3, Short term – 1.29

Economic release today –

• NIL

Commentary –

• Loonie gave up earlier gains as the dollar recovers. The focus is on trade talks.

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