Currency snapshot (commodity pairs)

Dollar index trading at 94.14 (+0.01%)

Strength meter (today so far) – Aussie +0.71%, Kiwi -0.31%, Loonie +0.3%

Strength meter (since last week) – Aussie +0.05%, Kiwi -1.20%, Loonie -0.12%

AUD/USD –

Trading at 0.736

Trend meter –

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

Support –

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

Resistance –

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

Economic release today –

• NIL

Commentary –                                                                               

• Aussie is best performer today and this week, bouncing from key support region, but still under pressure. Active call – Sell Aussie against Dollar @0.75 targeting 0.7 area, with stop loss around 0.785

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 – 0.77, Medium term – 0.724, Short term – 0.724

Economic release today –

• RBNZ will release financial stability report at 20:00 GMT.
• RBNZ governor will be speaking at 21:00 GMT.

Commentary –

• Kiwi is worst performer this week as key trend line broke.

USD/CAD –

Trading at 1.293

Trend meter –

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

Support –

• Long term – 1.19, Medium term – 1.22 , Short term – 1.25

Resistance –

• Long term – 1.334, Medium term – 1.32, Short term – 1.3

Economic release today –

• NIL

Commentary –                                                                                         

• Loonie is higher today over rising oil price. Loonie is likely to gain further but more likely to consolidate in near term.