Currency snapshot (commodity pairs)

Dollar index trading at 89.82 (+0.15%)

Strength meter (today so far) – Aussie +0.37%, Kiwi -0.13%, Loonie +0.05%

Strength meter (since last week) – Aussie +0.66%, Kiwi +0.69%, Loonie -1.09%

AUD/USD –

Trading at 0.789

Trend meter –

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

Support –

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

Resistance –

• Long term – 0.85, Medium term – 0.825, Short term – 0.8

Economic release today –

• NIL

Commentary –

• Aussie is the up this week on a weaker dollar and as the Chinese economy remains robust, which is Australia’s primary destination for mineral exports. Active call - Buy targeting 0.87

NZD/USD -

Trading at 0.732

Trend meter 6

• 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

Economic release today –

• GDP report for the fourth quarter will be published at 21:45 GMT.

Commentary –

• Kiwi is up on a weaker dollar, looking to gain and break key resistance area around 0.735 It is the best performer of the week so far.

 USD/CAD –

Trading at 1.295

Trend meter –

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

Support –

• Long term – 1.2, Medium term – 1.22, Short term – 1.24

Resistance –

• Long term – 1.32, Medium term – 1.3, Short term – 1.3

Economic release today –

• NIL

Commentary –

• Loonie is the worst performer of the day and week so far.

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