Currency snapshot (commodity pairs)

Dollar index trading at 92.05 (+0.20%)

Strength meter (today so far) – Aussie -0.24%, Kiwi -0.03%, Loonie -0.06%

Strength meter (since last week) – Aussie +0.81%, Kiwi +1.27%, Loonie +1.11%

AUD/USD –

Trading at 0.786

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 –

• November trade balance came at -$628 million.

Commentary –

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

NZD/USD -

Trading at 0.718

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 1.242

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 –

• November trade balance came at -$2.54 billion.
• IVEY PMI report will be released at 15:00 GMT.

Commentary –

• Loonie is the worst performer of the week.

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