Currency snapshot (commodity pairs)

Dollar index trading at 94.3 (+0.20%)

Strength meter (today so far) – Aussie -0.46%, Kiwi -0.31%, Loonie +0.36%

Strength meter (since last week) – Aussie -1.06%, Kiwi -0.50%, Loonie +0.14%

AUD/USD –

Trading at 0.728

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 worst performer of the week. Active call – Sell Aussie against Dollar @0.75 targeting 0.7 area, with stop loss around 0.785

NZD/USD –

Trading at 0.68

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 –

• NIL

Commentary –

• Kiwi recovered lots of grounds since Tuesday, still in red against Dollar.

USD/CAD –

Trading at 1.288

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 best performer this week but gave up most of its earlier gains on stronger Dollar and weaker oil. Loonie is likely to gain further but more likely to consolidate in near term.