Currency snapshot (commodity pairs)

Dollar index trading at 97.15 (+0.24%)

Strength meter (today so far) – Aussie -0.46%, Kiwi -0.19%, Loonie -0.09%

Strength meter (since last week) – Aussie -1.33%, Kiwi -1.66%, Loonie -0.97%

AUD/USD –

Trading at 0.747

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 –

• NIL

Commentary –

• Aussie is worst performer for the day. 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 0.699

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 the worst performer of the week and broken below key 0.7 area. RBNZ rate cut speculation weighs.

USD/CAD –

Trading at 1.308

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 –

• Retail sales rose by 0.2 percent in May and 0.9 percent excluding fuel.
• Consumer price index rose 1.5 percent in June from a year ago.
• BoC core consumer price index rose 2.1 percent y/y in June.

Commentary –   

• Lower oil price weighs on the Canadian dollar.