Currency snapshot (commodity pairs)

Dollar index trading at 89.95 (+0.35%)

Strength meter (today so far) – Aussie -0.34%, Kiwi -0.21%, Loonie -0.08%

Strength meter (since last week) – Aussie -0.56%, Kiwi +0.25%, Loonie -0.74%

AUD/USD –

Trading at 0.787

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 –

• NIL

Commentary –

• Aussie is down this week as the dollar recovers. 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 –

• RBNZ will announce interest rate decision at 20:00 GMT, followed by a press conference at 21:00 GMT

Commentary –

• Kiwi is the best performer of the week but down against dollar.

 USD/CAD –

Trading at 1.251

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 (testing)

Economic release today –

• December Building permits report will be released at 13:30 GMT.

Commentary –               

• Loonie is down this week as NAFTA tensions weigh.

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