Currency snapshot (commodity pairs)

Dollar index trading at 93.55 (-0.15%)

Strength meter (today so far) – Aussie +0.29%, Kiwi +0.29%, Loonie -0.11%

Strength meter (since last week) – Aussie +0.29%, Kiwi +0.29%, Loonie -0.11%

AUD/USD –

Trading at 0.766

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 –

• New motor vehicle sales up 0.1 percent in November, up 2.1 percent from a year ago.
• Westpac consumer confidence report will be released at 21:00 GMT.

Commentary –

• Aussie is up this week as the dollar remains weak.

NZD/USD -

Trading at 0.7

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 –

• NIL

Commentary –

• Kiwi is up in line with the Auzzie over USD weakness.

 USD/CAD –

Trading at 1.288

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 – 1.30

Economic release today –

• NIL

Commentary –

• Loonie is the worst performer of the week.

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