Currency snapshot (commodity pairs)

Dollar index trading at 94.55 (-0.17%)

Strength meter (today so far) – Aussie +0.25%, Kiwi +0.42%, Loonie +0.11%

Strength meter (since last week) – Aussie +0.28%, Kiwi +0.84%, Loonie -0.28%

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 –

• NIL

Commentary –

• Aussie is marginally up this week but still struggling to break key resistance. 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 –

• NIL

Commentary –

• New Zealand dollar is still struggling to break free of the key resistance around 0.73 area.

 USD/CAD –

Trading at 1.29

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 is still the worst performer of the week on lower oil price.