Currency snapshot (commodity pairs)

Dollar index trading at 94.72 (+0.04%)

Strength meter (today so far) – Aussie +0.22%, Kiwi +0.25%, Loonie +0.20%

Strength meter (since last week) – Aussie +1.52%, Kiwi +0.71%, Loonie +0.20%

AUD/USD –

Trading at 0.794

Trend meter –

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

Support –

• Long term – 0.746, Medium term – 0.765, Short term – 0.77

Resistance –

• Long term – 0.825, Medium term – 0.825, Short term – 0.8

Economic release today –

• NIL.

Commentary –

• Aussie is enjoying a major breakout, likely to rise towards 0.82 against the dollar.

NZD/USD –

Trading at 0.737

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 – 0.745, Short term – 0.745 (testing)

Economic release today –

• NIL

Commentary –

• Kiwi is still testing key resistance around 0.73 area. Active call – Buy Kiwi targeting 0.825

 USD/CAD –

Trading at 1.26

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 –

• Manufacturing shipments report for May will be released at 12:30 GMT.

Commentary –

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

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