Currency snapshot (commodity pairs)

Dollar index trading at 89.27 (+0.24%)

Strength meter (today so far) – Aussie -0.07%, Kiwi +0.05%, Loonie -0.38%

Strength meter (since last week) – Aussie -0.07%, Kiwi +0.05%, Loonie -0.38%

AUD/USD –

Trading at 0.81

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 – 0.85, Medium term – 0.825, Short term – 0.825

Economic release today –

• NIL

Commentary –

• Aussie is down today as the dollar recovers.

NZD/USD -

Trading at 0.734

Trend meter –

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

Support –

• Long term – 0.68, Medium term – 0.69, Short term – 0.71

Resistance –

• Long term – 0.76, Medium term – 0.735, Short term – 0.735 (testing)

Economic release today –

• December trade balance report will be released at 21:45 GMT.

Commentary –

• Kiwi is the best performer of the day.

 USD/CAD –

Trading at 1.234

Trend meter –

• Long term – sell, Medium term – sell, Short term – Range/Buy

Support –

• Long term – 1.2, Medium term – 1.22, Short term – 1.22

Resistance –

• Long term – 1.3, Medium term – 1.28, Short term – 1.24

Economic release today –

• Consumer price inflation report will be released at 13:30 GMT.

Commentary –

• Loonie is down today on a stronger dollar.

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