Currency snapshot (commodity pairs)

Dollar index trading at 94.41 (-0.16%)

Strength meter (today so far) – Aussie +0.25%, Kiwi +0.56%, Loonie +0.17%

Strength meter (since last week) – Aussie +0.33%, Kiwi +0.96%, Loonie -0.38%

AUD/USD –

Trading at 0.764

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 –

• CB leading indicator will be released at 14:30 GMT.

Commentary –

• Australian dollar is up on rising metal prices. 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 0.732

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 –

• Trade balance for July will be released at 22:45 GMT.

Commentary –

• New Zealand dollar rose after commentaries showed that the easing path would be less steeper.

 USD/CAD –

Trading at 1.292

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 –

• Wholesales sales report for the month of June will be released at 12:30 GMT.

Commentary –   

• The Canadian dollar is the worst performer of the week as the oil gains reversed course.