Currency snapshot (commodity pairs)

Dollar index trading at 99.16 (+0.17%)

Strength meter (today so far) - Aussie +0.77%, Kiwi +0.32%, Loonie -0.03%.

Strength meter (since last week) - Aussie +1.73%, Kiwi +0.72%, Loonie +0.14%.

AUD/USD 

Trading at 0.724

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 

• NIL

Commentary                                                              

• Aussie is the best performer of the week, gained further over yesterday's massive rise.

NZD/USD 

Trading at 0.658

Trend meter -

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

Support 

• Long term - 0.56, Medium term - 0.625, Short term - 0.635

Resistance 

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

Economic release today 

• NIL

Commentary 

• Kiwi is struggling to break free of resistance around 0.66.

USD/CAD -

Trading at 1.33

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 

• BOC CPI grew 0.3% in October, up 2.1% from a year ago.
• Retail sales dropped -0.5% in September.

Commentary                                                    

• Loonie failed to gain much, despite stronger oil as retail sale was weaker than expected.