Currency snapshot (commodity pairs)

Dollar index trading at 95.41 (+0.19%)

Strength meter (today so far) – Aussie -0.23%, Kiwi -0.15%, Loonie -0.41%

Strength meter (since last week) – Aussie -0.23%, Kiwi -0.15%, Loonie -0.41%

AUD/USD –

Trading at 0.738

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 –

• TD securities inflation up 2 percent y/y.

Commentary –

• Aussie remains downbeat on a stronger dollar.   

NZD/USD -

Trading at 0.673

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 –

• ANZ commodity price index down 3.2 percent y/y.

Commentary –

• Kiwi is continuing to test support around 0.67 area. Remains downbeat on a stronger dollar. Active Call - Sell kiwi targeting 0.62 area.

 USD/CAD –

Trading at 1.304

Trend meter –

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

Support –

• Long term – 1.26, Medium term – 1.29, Short term – 1.3

Resistance –

• Long term – 1.35, Medium term – 1.33, Short term – 1.32

Economic release today –

• NIL

Commentary –

• Loonie is down today as the dollar weakens.