Currency snapshot (commodity pairs)

Dollar index trading at 99.44 (+0.06%)

Strength meter (today so far) - Aussie +0.45%, Kiwi -0.13%, Loonie +0.18%.

Strength meter (since last week) - Aussie +0.14%, Kiwi -0.86%, Loonie +0.11%.

AUD/USD -

Trading at 0.712

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 -

• New motor vehicle sales dropped -3.6% in October, still up 4.2% from a year ago.

Commentary -                                                                               

• Aussie is hovering around 0.71 area, lacking clear directional bias.

NZD/USD -

Trading at 0.647

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 (broken)

Resistance -

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

Economic release today -

• NIL

Commentary -

• Kiwi is the worst performer today as and this week so far, focus on today's dairy auction. Kiwi has reached first target around 0.645 area.

USD/CAD -

Trading at 1.331

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 -

• NIL

Commentary -                                                                                         

• Loonie hovering around 1.33 area, awaiting cues over next move.