Currency snapshot (commodity pairs)

Dollar index trading at 98.94 (+0.13%)

Strength meter (today so far) - Aussie -0.10%, Kiwi -0.33%, Loonie +0.01%

Strength meter (since last week) - Aussie +0.46%, Kiwi -0.14%, Loonie -0.37%

AUD/USD -

Trading at 0.698

Trend meter -

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

Support -

• Long term - 0.68, Medium term - 0.69, Short term - 0.7

Resistance -

• Long term - 0.74, Medium term - 0.738, Short term - 0.738

Economic release today -

• NIL

Commentary -                                                                               

• Aussie is down as risk aversion refuses to settle down.

NZD/USD -

Trading at 0.653

Trend meter -

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

Support -

• Long term - 0.56, Medium term - 0.62, Short term - 0.643

Resistance -

• Long term - 0.7, Medium term - 0.69, Short term - 0.69

Economic release today -

• ANZ commodity prices declined by -1.8% in December.

Commentary -

• Kiwi is worst performer today and marginally down this week.

USD/CAD -

Trading at 1.422

Trend meter -

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

Support -

• Long term - 1.285, Medium term - 1.385, Short term - 1.395,

Resistance -

• Long term - 1.5, Medium term - 1.45, Short term - 1.42

Economic release today -

• NIL

Commentary -                                                                                         

• Canadian Dollar remains weak and worst performer this week due to lower oil price.