Currency snapshot (commodity pairs)

Dollar index trading at 93.49 (-0.45%)

Strength meter (today so far) – Aussie +0.11%, Kiwi -0.19%, Loonie +0.68%

Strength meter (since last week) – Aussie +0.86%, Kiwi +0.50%, Loonie +0.60%

AUD/USD –

Trading at 0.798

Trend meter –

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

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 (testing)

Economic release today –

• Producer price inflation rose 0.5 percent, up 1.7 percent from a year ago.

Commentary –

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

NZD/USD –

Trading at 0.748

Trend meter –

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

Support –

• Long term – 0.69, Medium term – 0.71, Short term – 0.73

Resistance –

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

Economic release today –

• NIL

Commentary –

• Kiwi has cleared key resistance around 0.73 area. Active call – Buy Kiwi targeting 0.825

 USD/CAD –

Trading at 1.246

Trend meter –

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

Support –

• Long term – 1.22, Medium term – 1.235, Short term – 1.26 (broken)

Resistance –

• Long term – 1.32, Medium term – 1.295, Short term – 1.28

Economic release today –

• May GDP grew by 0.6 percent.

Commentary –

• Lonnie is continuing its bull run on rate speculations.

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