Currency snapshot (commodity pairs)

Dollar index trading at 96.35 (+0.04%)

Strength meter (today so far) – Aussie -0.19%, Kiwi +0.40%, Loonie +0.34%

Strength meter (since last week) – Aussie -0.53%, Kiwi +0.46%, Loonie +0.32%

AUD/USD –

Trading at 0.725

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 remains under pressure from a rising dollar and a weakness in China’s economy.

NZD/USD -

Trading at 0.66

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

 USD/CAD –

Trading at 1.309

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 up this week as a stronger economy and NAFTA hope are keeping the Canadian dollar elevated.