Currency snapshot (commodity pairs)

Dollar index trading at 97.71 (+0.33%)

Strength meter (today so far) - Aussie +0.67%, Kiwi +0.60%, Loonie +0.25%.

Strength meter (since last week) - Aussie +0.67%, Kiwi +0.60%, Loonie +0.25%.

AUD/USD -

Trading at 0.723

Trend meter -

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

Support -

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

Resistance -

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

Economic release today -

• NIL

Commentary -                                                                               

• Aussie is best performer today, as commodity pack recover as a whole.

NZD/USD -

Trading at 0.675

Trend meter -

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

Support -

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

Resistance -

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

Economic release today -

• NIL

Commentary -

• Kiwi rose, focus is on FOMC this week, Buy Kiwi @0.665, targeting 0.69 and stop loss at 0.644

USD/CAD -

Trading at 1.372

Trend meter -

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

Support -

• Long term - 1.285, Medium term - 1.327, Short term - 1.352,

Resistance -

• Long term - 1.4, Medium term - 1.36 (broken), Short term - 1.343 (broken)

Economic release today -

• NIL

Commentary -                                                                                         

• Canadian Dollar continuing weakness as oil slide further.