Currency snapshot (commodity pairs)

Dollar index trading at 95.28 (+0.17%)

Strength meter (today so far) – Aussie -0.10%, Kiwi +0.01%, Loonie -0.24%

Strength meter (since last week) – Aussie -0.10%, Kiwi +0.01%, Loonie -0.24%

AUD/USD –

Trading at 0.781

Trend meter –

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

Support –

• Long term – 0.716, Medium term – 0.745, Short term – 0.76

Resistance –

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

Economic release today –

• NIL.

Commentary –

• Aussie is testing critical resistance around 0.78 area, a break could push the currency towards 0.82 against the dollar.

NZD/USD –

Trading at 0.732

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 – 0.73 (testing)

Economic release today –

• Second quarter inflation report will be released at 22:45 GMT.

Commentary –

• Kiwi is still testing key resistance around 0.73 area.

 USD/CAD –

Trading at 1.266

Trend meter –

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

Support –

• Long term – 1.26, Medium term – 1.26 (testing), Short term – 1.26 (testing)

Resistance –

• Long term – 1.34, Medium term – 1.32, Short term – 1.29

Economic release today –

• NIL

Commentary –              

• Loonie is the worst performer of the day. A correction from here is likely.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest