Currency snapshot (commodity pairs)

Dollar index trading at 100.09 (+0.48%)

Strength meter (today so far) - Aussie -0.25%, Kiwi -0.05%, Loonie -0.22%.

Strength meter (since last week) - Aussie +0.04%, Kiwi -0.03%, Loonie +0.11%.

AUD/USD 

Trading at 0.724

Trend meter 

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

Support 

• Long term - 0.63, Medium term - 0.69, Short term - 0.707

Resistance -

• Long term - 0.76, Medium term - 0.738, Short term - 0.727

Economic release today

• Construction work dropped -3.6% in third quarter.

Commentary                                                                              

• Aussie is continuing higher in spite of stronger Dollar. Likely to target 0.74 area in the shorter term.

NZD/USD 

Trading at 0.655

Trend meter 

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

Support 

• Long term - 0.56, Medium term - 0.618, Short term - 0.643

Resistance 

• Long term - 0.7, Medium term - 0.68, Short term - 0.663

Economic release today 

• NIL

Commentary 

• Kiwi is likely to drop further if it fails to clear resistance around 0.66, remains worst performer of the week.

USD/CAD 

Trading at 1.333

Trend meter 

• Long term - Buy, Medium term - Range, Short term - Range

Support 

• Long term - 1.285, Medium term - 1.302, Short term - 1.322,

Resistance 

• Long term - 1.4, Medium term - 1.36, Short term - 1.343

Economic release today 

• NIL

Commentary                                                               

• Loonie is in back foot as oil retreat.