Currency snapshot (commodity pairs)

Dollar index trading at 93 (+0.11%)

Strength meter (today so far) – Aussie +0.09%, Kiwi +0.26%, Loonie -0.22%

Strength meter (since last week) – Aussie +0.00%, Kiwi +1.17%, Loonie -0.77%

AUD/USD –

Trading at 0.761

Trend meter –

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

Support –

• Long term – 0.746, Medium term – 0.75, Short term – 0.765 (broken)

Resistance –

• Long term – 0.825, Medium term – 0.8, Short term – 0.78

Economic release today –

• NIL

Commentary –

• Aussie is flat for the day.

NZD/USD –

Trading at 0.694

Trend meter –

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

Support –

• Long term – 0.66, Medium term – 0.68, Short term – 0.68 (testing)

Resistance –

• Long term – 0.76, Medium term – 0.76, Short term – 0.725

Economic release today –

• RBNZ will release financial stability report at 20:00 GMT.

Commentary –

• Kiwi is consolidating around 0.69 area and is likely to decline towards 0.64 area. It is the best performer of the week.

 USD/CAD –

Trading at 1.279

Trend meter –

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

Support –

• Long term – 1.2, Medium term – 1.22, Short term – 1.246

Resistance –

• Long term – 1.355, Medium term – 1.32, Short term – 1.28

Economic release today –

• Industrial product price up 1 percent in October.
• Raw material price index up 3.8 percent in October.
• BoC will release financial stability review at 15:30 GMT.
• BoC governor Poloz is scheduled to speak at 16:30 GMT.

Commentary –

• Loonie is down this week on lower exports of crude oil amid lower price of West Canada Select.

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