Currency snapshot (commodity pairs)

Dollar index trading at 95.45 (-0.50%)

Strength meter (today so far) – Aussie +0.08%, Kiwi +0.37%, Loonie +0.26%

Strength meter (since last week) – Aussie +1.45%, Kiwi +1.40%, Loonie +1.68%

AUD/USD –

Trading at 0.772

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 –

• Australian dollar maintained considerable gains against the dollar. 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 0.723

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 –

• New Zealand dollar remains stable and bulls are gather ing strength for further push.

USD/CAD –

Trading at 1.305

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 – 1.34, Medium term – 1.325, Short term – 1.325

Economic release today –

• NIL

Commentary –                                                                                       

• The Canadian dollar turned out to be the best performer this week as oil price gained ground. Further drop seems to be likely as dollar is weakening. There has been a short term trend line break.