Currency snapshot (commodity pairs)

Dollar index trading at 97.26 (+0.21%)

Strength meter (today so far) – Aussie -0.56%, Kiwi -0.23%, Loonie -0.59%

Strength meter (since last week) – Aussie -1.40%, Kiwi -1.24%, Loonie -1.05%

AUD/USD –

Trading at 0.746

Trend meter –

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

Support –

• Long term – 0.683, Medium term – 0.72, Short term – 0.73

Resistance –

• Long term – 0.782, Medium term – 0.765, Short term – 0.765

Economic release today –

• Westpac leading index declined by -0.2 percent.

Commentary –

• Aussie is worst performer of the week. Decline in iron ore prices are taking a toll. Active call – Buy AUD/USD at 0.752 and at dip with the stop loss at 0.71 and the target at 0.82

NZD/USD –

Trading at 0.702

Trend meter –

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

Support –

• Long term – 0.66, Medium term – 0.69, Short term – 0.69

Resistance –

• Long term – 0.8, Medium term – 0.76, Short term – 0.73

Economic release today –

• NIL

Commentary –

• Kiwi is testing support around 0.7 area.

USD/CAD –

Trading at 1.309

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 declined sharply along oil price.