Currency snapshot (commodity pairs)

Dollar index trading at 94.34 (-0.34%)

Strength meter (today so far) – Aussie +0.53%, Kiwi +0.43%, Loonie +0.09%

Strength meter (since last week) – Aussie +0.53%, Kiwi +0.43%, Loonie +0.09%

AUD/USD –

Trading at 0.741

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 best performing commodity pair today.

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 –

• Food price index will be released at 22:45 GMT.

Commentary –

• Kiwi likely to test key resistance at 0.72 area.

USD/CAD –

Trading at 1.277

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 –

• NIL

Commentary –                                                                                         

• Loonie is under pressure from lower oil price but supported by weaker dollar.