Currency snapshot (commodity pairs)

Dollar index trading at 97.17 (-0.13%)

Strength meter (today so far) – Aussie -0.08%, Kiwi +0.48%, Loonie -0.17%

Strength meter (since last week) – Aussie -0.08%, Kiwi +0.48%, Loonie -0.17%

AUD/USD –

Trading at 0.761

Trend meter –

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

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 marginally down today as weak China property numbers weigh. Aussie might decline to 0.72 area once more to test support.

NZD/USD –

Trading at 0.727

Trend meter –

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

Support –

• Long term – 0.67, Medium term – 0.69, Short term – 0.71

Resistance –

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

Economic release today –

• NIL

Commentary –

• Kiwi seems to have decisively broken the resistance around 0.723 area.

 USD/CAD –

Trading at 1.323

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 riding on rate hike speculation while weaker oil weighs..