Currency snapshot (commodity pairs)

Dollar index trading at 93.15 (+0.01%)

Strength meter (today so far) – Aussie -0.10%, Kiwi +0.22%, Loonie -0.74%

Strength meter (since last week) – Aussie -0.10%, Kiwi +0.22%, Loonie -0.74%

AUD/USD –

Trading at 0.787

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

Economic release today –

• NIL

Commentary –

• Aussie is marginally down today, despite higher metal prices like Iron ore.

NZD/USD –

Trading at 0.719

Trend meter –

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

Support –

• Long term – 0.69, Medium term – 0.7, Short term – 0.71 (testing)

Resistance –

• Long term – 0.76, Medium term – 0.76, Short term – 0.75

Economic release today –

• NIL

Commentary –

• Kiwi is heading higher from support around 0.7 area. Active call – Buy Kiwi targeting 0.825.

 USD/CAD –

Trading at 1.253

Trend meter –

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

Support –

• Long term – 1.2, Medium term – 1.2, Short term – 1.22

Resistance –

• Long term – 1.27, Medium term – 1.25, Short term – 1.25 (testing)

Economic release today –

• Bank of Canada will release business outlook survey at 14:30 GMT.

Commentary –

• Loonie is the worst performer of the day despite stronger oil price.

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