Currency snapshot (commodity pairs)

Dollar index trading at 97.36 (-0.26%)

Strength meter (today so far) - Aussie +0.11%, Kiwi -0.44%, Loonie -0.24%.

Strength meter (since last week) - Aussie +0.11%, Kiwi -0.44%, Loonie -0.24%.

AUD/USD -

Trading at 0.714

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.69, Short term - 0.719-717

Resistance -

• Long term - 0.82, Medium term - 0.785 -0.79, Short term - 0.74

Economic release today -

• Building permits rose by 2.1% in September from August, up 21.4% from a year ago.

Commentary -                                                                               

• Aussie Dollar is up as China's PMI was better than expected. Focus on RBA monetary policy tomorrow.

NZD/USD -

Trading at 0.674

Trend meter -

• Long term - Sell, Medium term - Range/sell, Short term - Range/Buy

Support -

• Long term - 0.56, Medium term - 0.625, Short term - 0.66

Resistance -

• Long term - 0.77, Medium term - 0.725, Short term - 0.7

Economic release today -

• NIL

Commentary -

• Kiwi is worst performer today.

USD/CAD -

Trading at 1.31

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range

Support -

• Long term - 1.19, Medium term - 1.28, Short term - 1.303,

Resistance -

• Long term - 1.38, Medium term - 1.35, Short term - 1.34

Economic release today -

• RBC manufacturing PMI came at 48, down from 48.6 in September.

Commentary -                                                                                         

• Loonie is in back foot to start off the week. Weaker oil and manufacturing weighing in.