Currency snapshot (commodity pairs)

Dollar index trading at 100.11 (+0.24%)

Strength meter (today so far) - Aussie -0.40%, Kiwi -0.65%, Loonie -0.49%.

Strength meter (since last week) - Aussie -0.62%, Kiwi -0.38%, Loonie -0.09%.

AUD/USD -

Trading at 0.718

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 -

• NIL

Commentary -                                                                               

• Aussie became worst performer of the week as China concern weighed. Likely to target 0.74 area in the shorter term.

NZD/USD -

Trading at 0.653

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 failed to clear resistance around 0.66 this week.

USD/CAD -

Trading at 1.336

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 -

• Industrial product price dropped -0.5% in October, while raw material prices up 0.4%.

Commentary -                                                                                         

• Canadian Dollar is best performer this week, thanks to higher oil price.