Currency snapshot (commodity pairs)

Dollar index trading at 93.36 (+0.07%)

Strength meter (today so far) – Aussie +0.17%, Kiwi -0.01%, Loonie +0.15%

Strength meter (since last week) – Aussie +1.01%, Kiwi +0.36%, Loonie +1.09%

AUD/USD –

Trading at 0.772

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

Resistance –

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

Economic release today –

• NIL.

Commentary –

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

NZD/USD -

Trading at 0.701

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 over USD weakness.

 USD/CAD –

Trading at 1.272

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 –

• October GDP report will be released at 13:30 GMT.

Commentary –

• Loonie is the best performer of the week.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest