Currency snapshot (commodity pairs)

Dollar index trading at 96.9 (-0.38%).

Strength meter (today so far) - Aussie +0.22%, Kiwi +0.50%, Loonie +0.13%.

Strength meter (since last week) - Aussie +1.38%, Kiwi 1.34%, Loonie +0.48%.

AUD/USD -

Trading at 0.788

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.71, Short term - 0.756-0.75, Immediate - 0.763-0.76

Resistance -

• Long term - 0.87, Medium term - 0.83, Short term - 0.79-0.80

Economic release today -

• NIL

Commentary -

• Aussie is treading waters just below the resistance since yesterday made a high of 0.7904 and low of 0.785. Yesterday's candle was close to a Doji.

NZD/USD -

Trading at 0.766

Trend meter -

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

Support -

• Long term - 0.653, Medium term - 0.719-0.712, Short term - 0.738-0.736, Immediate - 0.757- 0.755

Resistance -

• Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.768-0.772

Economic release today -

• NIL. However yesterday trade balance report showed gain in export for the month of February to $ 3.92 billion from $3.70 billion previous. Imports rose to $3.87 billion leaving a balance of $ 0.5 billion.

Commentary -

• Pair is gaining further grounds from dollar weakness. Might move towards further highs. Pair made high of 0.769 today but failed to break above yesterday's high.

USD/CAD -

Trading at 1.249

Trend meter -

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

Support -

• Long term - 1.17, Medium term - 1.24-1.234, Short term - 1.247-1.245

Resistance -

• Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.284, Immediate - 1.274-1.276

Economic release today -

• NIL

Commentary -

• Pair made a low near 1.247, so far failed to break below the short term support. Divergence can be noticed in RSI, that stands bearish for the pair.