Currency snapshot (commodity pairs)

Dollar index trading at 95.56 (+0.14%)

Strength meter (today so far) – Aussie +0.54%, Kiwi -0.08%, Loonie +0.13%

Strength meter (since last week) – Aussie +0.22%, Kiwi -0.46%, Loonie -0.58%

AUD/USD –

Trading at 0.761

Trend meter –

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

Support –

• Long term – 0.683, Medium term – 0.71, Short term – 0.742

Resistance –

• Long term – 0.82, Medium term – 0.79, Short term – 0.79

Economic release today –

• House price index up 7.6% in fourth quarter from a year ago.

Commentary –                                                                               

• Australian Dollar is best performer this week.

NZD/USD –

Trading at 0.675

Trend meter –

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

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 down on risk aversion and stronger Dollar this week.

USD/CAD –

Trading at 1.307

Trend meter –

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

Support –

• Long term – 1.285, Medium term – 1.285 , Short term – 1.285

Resistance –

• Long term – 1.38, Medium term – 1.35, Short term – 1.33

Economic release today –

• NIL

Commentary –                                                                                         

• Loonie is consolidating around key resistance around 1.285 against Dollar, further move in oil price will be guide. Next targets are, 1.285 and 1.17 area.