Currency snapshot (commodity pairs)

Dollar index trading at 93.81 (-0.01%)

Strength meter (today so far) – Aussie +0.17%, Kiwi +0.57%, Loonie -0.01%

Strength meter (since last week) – Aussie -0.17%, Kiwi +0.23%, Loonie -0.66%

AUD/USD –

Trading at 0.758

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 –

• NIL

Commentary –

• Aussie gave up earlier gains as the dollar recovers.

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 –

• NIL

Commentary –

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

 USD/CAD –

Trading at 1.301

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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