Currency snapshot (commodity pairs)

Dollar index trading at 97.01 (-0.41%)

Strength meter (today so far) – Aussie +0.28%, Kiwi +0.31%, Loonie +0.21%

Strength meter (since last week) – Aussie +0.62%, Kiwi +0.44%, Loonie +0.23%

AUD/USD –

Trading at 0.76

Trend meter –

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

Support –

• Long term – 0.716, Medium term – 0.735, Short term – 0.746

Resistance –

• Long term – 0.785, Medium term – 0.777, Short term – 0.765 (testing)

Economic release today –

• NIL

Commentary –

• Aussie is testing key resistance around 0.76 area. Aussie might decline to 0.72 area once more to test support.

NZD/USD –

Trading at 0.73

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 –

• May trade balance report will be released at 21:45 GMT.

Commentary –

• Kiwi is testing key resistance around 0.73 area.

 USD/CAD –

Trading at 1.323

Trend meter –

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

Support –

• Long term – 1.3, Medium term – 1.3 , 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 back testing the 1.32 area.

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