Currency snapshot (commodity pairs)

Dollar index trading at 93.85 (-0.09%)

Strength meter (today so far) – Aussie +0.58%, Kiwi +0.46%, Loonie +0.23%

Strength meter (since last week) – Aussie +0.92%, Kiwi +1.52%, Loonie +0.20%

AUD/USD –

Trading at 0.757

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 –

• House price index down 0.2 percent in third quarter, up 8.3 percent from a year ago.
• Westpac consumer confidence report will be released at 23:30 GMT.

Commentary –

• Aussie is up this week as the dollar retraces last week’s gain.

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 – 0.69 (testing)

Resistance –

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

Economic release today –

• Food price index will be updated for November at 21:45 GMT.

Commentary –

• Kiwi is the best performer of the week as NZ Superannuation Fund chief Adrian Orr to become next RBNZ chief.

 USD/CAD –

Trading at 1.282

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 (testing)

Economic release today –

• NIL

Commentary –

• Loonie is the worst performer of the week but positive against the dollar.

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