Currency snapshot (commodity pairs)

Dollar index trading at 96.40 (+0.29%).

Strength meter (today so far) - Aussie +0.03%, Kiwi +0.16%, Loonie -0.21%.

Strength meter (since last week) - Aussie +0.03%, Kiwi +0.16%, Loonie -0.21%.

AUD/USD -

Trading at 0.782

Trend meter -

• Long term - Sell, Medium term - Range, Short term - Range/Sell Resistance

Support -

• Long term - 0.60, Medium term - 0.71, Short term - 0.756-0.75,

Resistance -

• Long term - 0.87, Medium term - 0.83, Short term - 0.793-0.796

Economic release today -

• NIL

Commentary -                                                                               

• Aussie is trading in small range of 40 pips today as major markets are closed.

NZD/USD -

Trading at 0.731

Trend meter -

• Long term - Sell, Medium term - Range, Short term - Range/Sell resistance

Support -

• Long term - 0.653, Medium term - 0.719-0.712, Short term - 0.72

Resistance -

• Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.768-0.772, Immediate - 0.748-0.752

Economic release today -

• Trade balance is scheduled for release at 22:45 GMT.

Commentary -

• Kiwi selloffs seem to have paused for the moment as NZD consolidating around 0.73 area. However further downside remains open. Selling at rallies is recommended.

USD/CAD -

Trading at 1.228

Trend meter -

• Long term - Buy, Medium term - Range/Sell, Short term - Range/Buy Support

Support -

• Long term - 1.17, Medium term - 1.1840-1.18, Short term - 1.19

Resistance -

• Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.235-1.241, Immediate - 1.225-1.228

Economic release today -

• NIL

Commentary -

• Canadian dollar is expected to lose grounds, once oil price starts retreating.