Currency snapshot (commodity pairs)

Dollar index trading at 96.85 (+0.20%)

Strength meter (today so far) – Aussie -0.11%, Kiwi -0.19%, Loonie -0.31%

Strength meter (since last week) – Aussie -0.86%, Kiwi -0.18%, Loonie +0.25%

AUD/USD –

Trading at 0.723

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. Testing a key support line.

NZD/USD -

Trading at 0.655

Trend meter -

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

Support –

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

Resistance –

• Long term – 0.725, Medium term – 0.7, Short term – 0.675

Economic release today –

• NIL

Commentary –

• As expected, the New Zealand dollar. Active Call - Sell kiwi targeting 0.62 area.

 USD/CAD –

Trading at 1.31

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 buoyed.