Currency snapshot (commodity pairs)

Dollar index trading at 95.51 (+0.32%)

Strength meter (today so far) - Aussie -1.09%, Kiwi -0.75%, Loonie -0.19%.

Strength meter (since last week) - Aussie -1.57%, Kiwi -1.10%, Loonie -0.75%.

AUD/USD -

Trading at 0.764

Trend meter -

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

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 bears likely to assault on key 0.75 support area next week. A break would push Aussie sharply down.

NZD/USD -

Trading at 0.683

Trend meter -

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

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 bears are jumping back to trade even with slight rise in kiwi against dollar.

USD/CAD -

Trading at 1.235

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 -                                                                                         

• Loonie is likely to lose ground against dollar further as dollar looks to be gaining ground.

Dollar index trading at 95.51 (+0.32%)

Strength meter (today so far) - Aussie -1.09%, Kiwi -0.75%, Loonie -0.19%.

Strength meter (since last week) - Aussie -1.57%, Kiwi -1.10%, Loonie -0.75%.

AUD/USD -

Trading at 0.764

Trend meter -

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

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 bears likely to assault on key 0.75 support area next week. A break would push Aussie sharply down.

NZD/USD -

Trading at 0.683

Trend meter -

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

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 bears are jumping back to trade even with slight rise in kiwi against dollar.

USD/CAD -

Trading at 1.235

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 -                                                                                         

• Loonie is likely to lose ground against dollar further as dollar looks to be gaining ground.