Currency snapshot (commodity pairs)

Dollar index trading at 97.06 (+0.07%)

Strength meter (today so far) – Aussie +0.61%, Kiwi +0.60%, Loonie +0.16%

Strength meter (since last week) – Aussie +0.23%, Kiwi -0.12%, Loonie +0.23%

AUD/USD –

Trading at 0.758

Trend meter –

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

Support –

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

Resistance –

• Long term – 0.782, Medium term – 0.78, Short term – 0.755

Economic release today –

• NIL

Commentary –

• Australian dollar boosted by better Chinese economic dockets. Aussie might decline to 0.72 area once more to test support.

NZD/USD –

Trading at 0.725

Trend meter –

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

Support –

• Long term – 0.66, Medium term – 0.67, Short term – 0.69

Resistance –

• Long term – 0.76, Medium term – 0.73, Short term – 0.723 (testing)

Economic release today –

• First quarter GDP numbers will be published at 22:45 GMT.

Commentary –

• Kiwi has once again cleared the key resistance around 0.723 area.

 USD/CAD –

Trading at 1.322

Trend meter –

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

Support –

• Long term – 1.32, Medium term – 1.32, Short term – 1.32 (testing)

Resistance –

• Long term – 1.38, Medium term – 1.37, Short term – 1.35

Economic release today –

• NIL.

Commentary –   

• Loonie is the best performer of the week on rate hike speculations from BoC.