Currency snapshot (commodity pairs)

Dollar index trading at 94.56 (-0.00%)

Strength meter (today so far) – Aussie +0.06%, Kiwi +0.11%, Loonie +0.09%

Strength meter (since last week) – Aussie +0.28%, Kiwi +0.55%, Loonie +0.32%

AUD/USD –

Trading at 0.741

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 –

• NIL

Commentary –

• Aussie is marginally higher on a weaker dollar. However, the consolidation is continuing with the dollar lacking clear direction.   

NZD/USD -

Trading at 0.681

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. The best performer of the week so far. Active Call - Sell kiwi targeting 0.62 area.

 USD/CAD –

Trading at 1.30

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 –

• Markit manufacturing report will be released at 13:30 GMT.

Commentary –

• Loonie is struggling over trade tensions with the United States despite a weaker dollar. But up this week on a weaker dollar.