Currency snapshot (commodity pairs)

Dollar index trading at 98.95 (+0.17%)

Strength meter (today so far) – Aussie -0.95%, Kiwi -0.64%, Loonie -0.16%

Strength meter (since last week) – Aussie -0.19%, Kiwi +0.82%, Loonie -0.57%

AUD/USD –

Trading at 0.747

Trend meter –

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

Support –

• Long term – 0.71, Medium term – 0.73, Short term – 0.74

Resistance –

• Long term – 0.782, Medium term – 0.78, Short term – 0.76

Economic release today –

• NIL

Commentary –

• Aussie failed to gain from 0.75 support area and declined further below Aussie might decline to 0.72 area once more to test support.

NZD/USD –

Trading at 0.692

Trend meter –

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

Support –

• Long term – 0.66, Medium term – 0.67, Short term – 0.67

Resistance –

• Long term – 0.76, Medium term – 0.73, Short term – 0.723

Economic release today –

• NIL

Commentary –

• Kiwi is down today, but still positive for the week and the best performer.

 USD/CAD –

Trading at 1.373

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 (broken), Short term – 1.365 (broken)

Economic release today –

• NIL

Commentary –   

• Loonie is the worst performer of the week as oil price continues to decline.