Currency snapshot (commodity pairs)

Dollar index trading at 96.25 (+0.19%)

Strength meter (today so far) – Aussie -0.24%, Kiwi -0.25%, Loonie -0.5%

Strength meter (since last week) – Aussie -0.95%, Kiwi -1.18%, Loonie -2.06%

AUD/USD –

Trading at 0.752

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 –

• NIL

Commentary –                                                                               

• Australian Dollar is reversing gains on stronger Dollar.

NZD/USD –

Trading at 0.67

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 –

• Stronger Dollar, taking toll on Kiwi, which is down more than a percent this week.

USD/CAD –

Trading at 1.327

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 worst performer this week thanks to weaker oil and stronger Dollar. Next targets are, 1.285 and 1.17 area.