Currency snapshot (commodity pairs)

Dollar index trading at 94.27 (+0.19%)

Strength meter (today so far) – Aussie -0.18%, Kiwi -0.52%, Loonie -0.01%

Strength meter (since last week) – Aussie +0.54%, Kiwi +1.86%, Loonie +1.56%

AUD/USD –

Trading at 0.74

Trend meter –

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

Support –

• Long term – 0.683, Medium term – 0.7, Short term – 0.71

Resistance –

• Long term – 0.782, Medium term – 0.75, Short term – 0.75

Economic release today –

• NIL

Commentary –                                                                               

• Aussie is worst performer this week but still in green against Dollar.

NZD/USD –

Trading at 0.708

Trend meter –

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

Support –

• Long term – 0.62, Medium term – 0.63, Short term – 0.656

Resistance –

• Long term – 0.71, Medium term – 0.683, Short term – 0.683

Economic release today –

• NIL

Commentary –

• Kiwi best performer this week but worst performer today.

USD/CAD –

Trading at 1.273

Trend meter –

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

Support –

• Long term – 1.248, Medium term – 1.25 , Short term – 1.25

Resistance –

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

Economic release today –

• Unemployment rate declined to 6.9% as participation declined to 65.7% and employment rose by 13,800.

Commentary –                                                                                         

• Loonie is much better performer today, considering lower oil price and stronger dollar.