Currency snapshot (commodity pairs)

Dollar index trading at 99.03 (-0.15%)

Strength meter (today so far) - Aussie +0.17%, Kiwi +0.23%, Loonie +0.11%.

Strength meter (since last week) - Aussie +0.17%, Kiwi +0.23%, Loonie +0.11%.

AUD/USD 

Trading at 0.705

Trend meter 

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

Support 

• Long term - 0.60, Medium term - 0.69, Short term - 0.7

Resistance 

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

Economic release today 

• ANZ job advertisement grew by 0.4% in October.

Commentary                                                                   

• Aussie is marginally up over profit booking.

NZD/USD 

Trading at 0.653

Trend meter 

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

Support 

• Long term - 0.56, Medium term - 0.625, Short term - 0.65

Resistance 

• Long term - 0.77, Medium term - 0.725, Short term - 0.68

Economic release today 

• NIL

Commentary 

• Kiwi is also marginally up today over profit booking.

USD/CAD 

Trading at 1.329

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 

• Housing starts for October came lower at 198,100.

Commentary                                                                              

• Canadian Dollar is also marginally up in line with other commodity pairs.