Currency snapshot (commodity pairs)

Dollar index trading at 95.17 (+0.09%)

Strength meter (today so far) – Aussie -0.04%, Kiwi -0.64%, Loonie -0.03%

Strength meter (since last week) – Aussie +0.39%, Kiwi -1.29%, Loonie -0.28%

AUD/USD –

Trading at 0.742

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 recovered from the earlier loss, as the dollar sags but continuing the consolidation.

NZD/USD -

Trading at 0.665

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 –

• Business PMI report will be released at 22:30 GMT.
• Electronic card retail sales report will be released at 22:45 GMT.

Commentary –

• Kiwi seems to have broken the key support around 0.67 area. Active Call - Sell kiwi targeting 0.62 area.

 USD/CAD –

Trading at 1.302

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.