Currency snapshot (commodity pairs)

Dollar index trading at 97.44 (+0.06%)

Strength meter (today so far) - Aussie +0.27%, Kiwi -0.12%, Loonie -0.10%

Strength meter (since last week) - Aussie +1.51%, Kiwi +1.15%, Loonie +0.33%

AUD/USD -

Trading at 0.725

Trend meter -

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

Support -

• Long term - 0.63, Medium term - 0.68, Short term - 0.703

Resistance -

• Long term - 0.75, Medium term - 0.738, Short term - 0.733

Economic release today -

• NIL

Commentary -                                                                               

• Aussie is turning out to be best performer of the day and this week as metal price rise.

NZD/USD -

Trading at 0.67

Trend meter -

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

Support -

• Long term - 0.56, Medium term - 0.62, Short term - 0.643

Resistance -

• Long term - 0.7, Medium term - 0.69, Short term - 0.69

Economic release today -

• NIL

Commentary -

• Kiwi is consolidating around 0.67 area.

USD/CAD -

Trading at 1.37

Trend meter -

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

Support -

• Long term - 1.285, Medium term - 1.365, Short term - 1.365,

Resistance -

• Long term - 1.5, Medium term - 1.45, Short term - 1.42

Economic release today -

• NIL

Commentary -                                                                                         

• Canadian Dollar consolidating amid heavy swings.