Currency snapshot (commodity pairs)

Dollar index trading at 97.27 (+0.37%)

Strength meter (today so far) - Aussie +0.15%, Kiwi -0.80%, Loonie -0.37%.

Strength meter (since last week) - Aussie +0.53%, Kiwi -1.00%, Loonie -0.55%.

AUD/USD -

Trading at 0.716

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.69, Short term - 0.71

Resistance -

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

Economic release today -

• Reserve Bank of Australia kept monetary policy on hold.

Commentary -                                                                               

• Aussie Dollar is up and best performer today after RBA's policy hold, however wiping out most of today's gains as Dollar gained across the board.

NZD/USD -

Trading at 0.668

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 -

• Dairy auction scheduled today.
• Employment report for third quarter to be released at 21:45 GMT.

Commentary -

• Kiwi is worst performer of the week so far, focus on dairy auctions.

USD/CAD -

Trading at 1.315

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 relatively better performer as higher oil price is providing support.