Currency snapshot (commodity pairs)

Dollar index trading at 100.85 (+0.03%)

Strength meter (today so far) – Aussie +0.26%, Kiwi +0.03%, Loonie -0.01%

Strength meter (since last week) – Aussie +0.26%, Kiwi +0.03%, Loonie -0.01%

AUD/USD –

Trading at 0.767

Trend meter –

• Long term – Range, Medium term – Sell, Short term – Buy

Support –

• Long term – 0.71, Medium term – 0.73, Short term – 0.75

Resistance –

• Long term – 0.782, Medium term – 0.78, Short term – 0.78

Economic release today –

• NIL

Commentary –

• The Aussie likely to test the key resistance around 0.78 area this week. A break could push the pair towards 0.81 area.

NZD/USD –

Trading at 0.718

Trend meter –

• Long term – Sell, Medium term – Buy, Short term – Buy

Support –

• Long term – 0.66, Medium term – 0.69, Short term – 0.69

Resistance –

• Long term – 0.8, Medium term – 0.76, Short term – 0.733

Economic release today –

• NIL

Commentary –

• Kiwi is marginally up today.

 USD/CAD –

Trading at 1.309

Trend meter –

• Long term – sell, Medium term – buy, Short term – Range/buy

Support –

• Long term – 1.28, Medium term – 1.3 , Short term – 1.3

Resistance –

• Long term – 1.38, Medium term – 1.365, Short term – 1.365

Economic release today –

• NIL

Commentary –   

• Loonie is flat for the day. The EU-Canada free trade agreement did not have much of an impact on the pair.