Currency snapshot (commodity pairs)

Dollar index trading at 96.64 (-0.36%)

Strength meter (today so far) – Aussie -0.15%, Kiwi +0.71%, Loonie -0.17%

Strength meter (since last week) – Aussie +0.06%, Kiwi +0.99%, Loonie -0.43%

AUD/USD –

Trading at 0.718

Trend meter –

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

Support –

• Long term – 0.67, Medium term – 0.69, Short term – 0.71

Resistance –

• Long term – 0.79 Medium term – 0.75, Short term – 0.732

Economic release today –

• NIL

Commentary –

• The Australian dollar is down today, the focus is on tomorrow’s employment report.

NZD/USD -

Trading at 0.685

Trend meter -

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

Support –

• Long term – 0.62, Medium term – 0.65, Short term – 0.66

Resistance –

• Long term – 0.735, Medium term – 0.72, Short term – 0.695

Economic release today –

• NIL

Commentary –

• The New Zealand dollar remains upbeat as economy remains robust and dollar weakens. Active Call - Sell kiwi targeting 0.59 area.

 USD/CAD –

Trading at 1.343

Trend meter –

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

Support –

• Long term – 1.26, Medium term – 1.29, Short term – 1.315

Resistance –

• Long term – 1.365, Medium term – 1.35, Short term – 1.35

Economic release today –

• CPI inflation up 1.7 percent from a year ago. 

Commentary –

• Loonie is the best performer of the day on inflation report. Active Call - Sell USD/CAD at 1.314 targeting 1.25 area.