Currency snapshot (commodity pairs)

Dollar index trading at 93.36 (-0.20%)

Strength meter (today so far) – Aussie -0.27%, Kiwi +0.13%, Loonie +0.02%

Strength meter (since last week) – Aussie -0.62%, Kiwi +0.10%, Loonie -0.34%

AUD/USD –

Trading at 0.755

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 –

• Unemployment rate declined to 5.4 percent as employment rose by 12,000.

Commentary –      

• Aussie gave up earlier gains as the bullish momentum ebbs.

NZD/USD -

Trading at 0.703

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 –

• May business PMI report will be released at 22:30 GMT.

Commentary –

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

 USD/CAD –

Trading at 1.297

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 –

• New House price report will be released at 12:30 GMT.

Commentary –

• Loonie is down this week over trade tensions with the United States.

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