Currency Snapshot (commodity Pairs)

Dollar index trading at 99.86 (-0.80%)

Strength meter (today so far) – Aussie +0.62%, Kiwi +0.44%, Loonie +0.36%

Strength meter (since last week) – Aussie +0.62%, Kiwi +0.44%, Loonie +0.36%

AUD/USD –

Trading at 0.757

Trend meter –

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

Support –

  • Long term – 0.71, Medium term – 0.73, Short term – 0.75

Resistance –

  • Long term – 0.782, Medium term – 0.78, Short term – 0.78

Economic release today –

  • NIL

Commentary –

  • Aussie is higher on risk on sentiment arising from French election outcome. Aussie might decline to 0.72 area once more to test support.

NZD/USD –

Trading at 0.704

Trend meter –

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

Support –

  • Long term – 0.66, Medium term – 0.69, Short term – 0.69

Resistance –

  • Long term – 0.8, Medium term – 0.76, Short term – 0.733

Economic release today –

  • NIL

Commentary –

  • Kiwi is up today on a weaker dollar.

 USD/CAD –

Trading at 1.344

Trend meter –

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

Support –

  • Long term – 1.28, Medium term – 1.3, Short term – 1.3

Resistance –

  • Long term – 1.38, Medium term – 1.365, Short term – 1.365

Economic release today –

  • Consumer price inflation is up 0.2 percent, up 1.6 percent from a year ago. Core consumer price is up 1.3 percent from a year ago.

Commentary –   

  • Loonie is positive against the dollar but the worst performer among commodity pack.

The material has been provided by InstaForex Company – www.instaforex.com

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