Currency snapshot (commodity pairs)

Dollar index trading at 101.88 (-0.27%)

Strength meter (today so far) – Aussie -0.03%, Kiwi -0.30%, Loonie -0.10%

Strength meter (since last week) – Aussie -1.15%, Kiwi -2.25%, Loonie -2.39%

AUD/USD –

Trading at 0.757

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 –

• Aussie is pushed down further and is now heading for a test of support around 0.75 area.

NZD/USD –

Trading at 0.704

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 –

• ANZ commodity price is up 2 percent in February.

Commentary –

• Kiwi is pushed down further as agricultural commodity gains disappointed.

 USD/CAD –

Trading at 1.34

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 still the worst performer of the week as oil slipped as the dollar strengthened.