Currency snapshot (commodity pairs)

Dollar index trading at 93.60 (-0.00%)

Strength meter (today so far) – Aussie +0.06%, Kiwi +0.20%, Loonie -0.19%

Strength meter (since last week) – Aussie +0.22%, Kiwi +0.23%, Loonie -0.52%

AUD/USD –

Trading at 0.761

Trend meter –

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

Support –

• Long term – 0.72, Medium term – 0.75, Short term – 0.75

Resistance –

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

Economic release today –

• Investment lending for homes down 0.9 percent in April.
• Home loans down 1.4 percent.

Commentary –

• Aussie continues to struggle around 0.75 area.

NZD/USD -

Trading at 0.704

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

Resistance –

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

Economic release today –

• Electronic retail sales report will be released at 22:45 GMT.

Commentary –

• Kiwi is up on a weaker dollar as it finds support near 0.69 area.

 USD/CAD –

Trading at 1.299

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 – 1.30

Economic release today –

• NIL

Commentary –

• Loonie is the worst performer this week so far. The focus is on trade talks.

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