Currency snapshot (commodity pairs)

Dollar index trading at 98.02 (+0.13%)

Strength meter (today so far) - Aussie +0.07%, Kiwi +0.45%, Loonie -0.16%.

Strength meter (since last week) - Aussie +0.17%, Kiwi -2.14%, Loonie -0.76%.

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 - 0.71

Resistance -

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

Economic release today -

• NIL

Commentary -                                                                               

• Aussie is still positive against Dollar for the week, however bulls are showing signs of exhaustion.

NZD/USD -

Trading at 0.662

Trend meter -

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

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 of the week so far, as dairy prices continued to weigh on the pair.

USD/CAD -

Trading at 1.317

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 -

• IVEY PMI came at 53.1, compared to 53.7 in September.

Commentary -                                                                                         

• Lower oil price is weighing on Loonie, in spite of better data.