Currency snapshot (commodity pairs)

Dollar index trading at 97.4 (+0.04%).

Strength meter (today so far) - Aussie -0.50%, Kiwi -0.10%, Loonie -0.21%.

Strength meter (since last week) - Aussie +0.24%, Kiwi 0.20%, Loonie +0.34%.

AUD/USD -

Trading at 0.779

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.71, Short term - 0.756-0.75, Immediate - 0.763-0.765

Resistance -

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

Economic release today -

• NIL

Commentary -

• Aussie facing selling pressure as it clearly failed to break above resistance. Sellers might push price towards 0.75-0.76 zone.

NZD/USD -

Trading at 0.759

Trend meter -

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

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

Commentary -

• Kiwi is treading water as it faces headwinds from stronger dollar. Price pattern suggests it might go down shorter term to check for support.

USD/CAD -

Trading at 1.251

Trend meter -

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

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 - 1.254-1.256

Economic release today -

• NIL

Commentary -

• Canadian dollar is lacking clarity over clear direction. Aggressive selling faded away with oil price.Pair trading near key support, a break might lead to larger appreciation. The pair made a high of 1.2528 and low of 1.2467 today so far.