Currency snapshot (commodity pairs)

Dollar index trading at 95.38 (-0.03%)

Strength meter (today so far) - Aussie -0.50%, Kiwi +0.36%, Loonie -0.53%.

Strength meter (since last week) - Aussie -0.86%, Kiwi -0.35%, Loonie -1.05%.

AUD/USD -

Trading at 0.77

Trend meter -

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

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 down as dollar strengthen. Buying at support is recommended unless support at 0.75 area breaks.

NZD/USD -

Trading at 0.689

Trend meter -

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

Support -

• Long term - 0.653, Medium term - 0.65, Short term - 0.65

Resistance -

• Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.737-0.74, Immediate - 0.705

Economic release today -

• NIL

Commentary -

• Kiwi is likely to rebound from here. Kiwi is the best performer this week so far. Today it is positive against dollar while others are negative.

USD/CAD -

Trading at 1.239

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 - 1.217-1.213

Resistance -

• Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.28. Immediate - 1.25

Economic release today -

• NIL

Commentary -                                                                                         

• Canadian dollar-US dollar pair has bounced back from support area and loonie is likely to remain sell against dollar, unless crude moves up. Loonie is worst performing commodity currency this week so far.