Currency snapshot (commodity pairs)

Dollar index trading at 95.40 (+0.33%)

Strength meter (today so far) – Aussie -0.83%, Kiwi -0.97%, Loonie -0.56%

Strength meter (since last week) – Aussie -0.27%, Kiwi +0.70%, Loonie -0.33%

AUD/USD –

Trading at 0.734

Trend meter –

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

Support –

• Long term – 0.7, Medium term – 0.72, Short term – 0.72

Resistance –

• Long term – 0.825, Medium term – 0.79, Short term – 0.76

Economic release today –

• Employment rose by 50,900 in June but unemployment rate unchanged at 5.4 percent as participation rise by 0.2 percent.

Commentary –

• Aussie is struggling amid trade uncertainty and a stronger dollar. Going down with momentum as dollar gains in strength.

NZD/USD -

Trading at 0.672

Trend meter -

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

Support –

• Long term – 0.62, Medium term – 0.65, Short term – 0.67

Resistance –

• Long term – 0.735, Medium term – 0.735, Short term – 0.705

Economic release today –

• NIL

Commentary –

• Kiwi is continuing to test support around 0.67 area. Active Call - Sell kiwi targeting 0.62 area.

 USD/CAD –

Trading at 1.325

Trend meter –

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

Support –

• Long term – 1.26, Medium term – 1.29, Short term – 1.31

Resistance –

• Long term – 1.35, Medium term – 1.33, Short term – 1.33

Economic release today –

• NIL

Commentary –

• Loonie is struggling over trade tensions with the United States despite a weaker dollar. The worst performer of the week so far.