Currency snapshot (commodity pairs)

Dollar index trading at 89.3 (+0.08%)

Strength meter (today so far) – Aussie +0.46%, Kiwi +0.15%, Loonie -0.06%

Strength meter (since last week) – Aussie +0.46%, Kiwi +0.15%, Loonie -0.06%

AUD/USD –

Trading at 0.795

Trend meter –

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

Support –

• Long term – 0.746, Medium term – 0.765, Short term – 0.785

Resistance –

• Long term – 0.85, Medium term – 0.825, Short term – 0.825

Economic release today –

• TD securities inflation rose 0.7 percent in January, up 2 percent from a year ago.

Commentary –

• Aussie is the worst performer of the week on weaker building permits report. Active call - Buy targeting 0.87

NZD/USD -

Trading at 0.731

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 –

• ANZ commodity price index rose 0.7 percent in January.

Commentary –

• Kiwi is marginally higher for the day.

 USD/CAD –

Trading at 1.243

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 – 1.25

Economic release today –

• NIL

Commentary –

• Loonie is down this week as NAFTA tensions weigh.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest