Currency snapshot (commodity pairs)

Dollar index trading at 95.66 (+0.09%)

Strength meter (today so far) - Aussie +0.36%, Kiwi +0.13%, Loonie -0.04%.

Strength meter (since last week) - Aussie +1.01%, Kiwi +0.46%, Loonie -0.45%.

AUD/USD -

Trading at 0.771

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, Immediate -0.787

Economic release today -

• NIL

Commentary -                                                                               

• Aussie is best performer this week among commodity pairs as NFP report looms ahead. Pair has bounced back from key support area. However pair remains under bear's control. RBA rate decision provided the support this week.

NZD/USD -

Trading at 0.713

Trend meter -

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

Support -

• Long term - 0.653, Medium term - 0.70, Short term - 0.71-0.708

Resistance -

• Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.737-0.74, Immediate - 0.719-0.721

Economic release today -

• NIL

Commentary -

• Kiwi faces test of key support at 0.7 as NFP looms large. Pair to remain sell resistance and in consolidation unless RBNZ declared next move.

USD/CAD -

Trading at 1.25

Trend meter -

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

Support -

• Long term - 1.17, Medium term - 1.1840-1.18, Short term - 1.217, Immediate - 1.238-1.236

Resistance -

• Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.28

Economic release today -

• Canada will declare unemployment stat for May today at 12:30 GMT.

Commentary -                                                                                         

• Canadian dollar is the worst performer this week among commodity pairs, likely to go down further against dollar.