Currency snapshot (commodity pairs)

Dollar index trading at 94.59 (-0.02%)

Strength meter (today so far) – Aussie -0.74%, Kiwi -0.70%, Loonie -0.24%

Strength meter (since last week) – Aussie -0.74%, Kiwi -0.70%, Loonie -0.24%

AUD/USD –

Trading at 0.762

Trend meter –

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

Support –

• Long term – 0.683, Medium term – 0.728, Short term – 0.742

Resistance –

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

Economic release today –

• TD securities inflation slowed to 1.7% in March, compared to 2.1% in February.
• Building permits rose 3.1% in February, still down 9% from a year back.
• Retail sales flat for February.
• AIG performance of services index will be released at 23:30 GMT.

Commentary –                                                                               

• Aussie is down today over profit booking stronger Dollar.

NZD/USD –

Trading at 0.685

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 – 0.77, Medium term – 0.724, Short term – 0.69 (testing)

Economic release today –

• NIL

Commentary –

• Kiwi is down today, consolidating below 0.7 mark. Further rise is likely.

USD/CAD –

Trading at 1.303

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 down on weaker Dollar. All targets reached except 1.17 area, which may take a while and correction higher for the pair.