Currency snapshot (commodity pairs)

Dollar index trading at 95.28 (+0.27%)

Strength meter (today so far) – Aussie -0.73%, Kiwi -0.42%, Loonie -0.06%

Strength meter (since last week) – Aussie -0.64%, Kiwi -0.68%, Loonie -1.07%

AUD/USD –

Trading at 0.713

Trend meter –

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

Support –

• Long term – 0.7, Medium term – 0.72, Short term – 0.72 (broken)

Resistance –

• Long term – 0.825, Medium term – 0.79, Short term – 0.76

Economic release today –

• Home loans up 0.4 percent in July. Investment lending for homes down 1.3 percent.

Commentary –

• The Australian dollar is the best performer of the week on strong GDP as strong dollar weighs.

NZD/USD -

Trading at 0.655

Trend meter -

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

Support –

• Long term – 0.62, Medium term – 0.65, Short term – 0.65

Resistance –

• Long term – 0.725, Medium term – 0.7, Short term – 0.675

Economic release today –

• NIL

Commentary –

• The New Zealand dollar is only marginally down this week. Active Call - Sell kiwi targeting 0.62 area.

 USD/CAD –

Trading at 1.317

Trend meter –

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

Support –

• Long term – 1.26, Medium term – 1.29, Short term – 1.3

Resistance –

• Long term – 1.35, Medium term – 1.33, Short term – 1.32 (testing)

Economic release today –

• Employment declined by 51,600 in August pushing the unemployment rate to 6 percent.

Commentary –

• Loonie is the worst performer of the week as the U.S. moves ahead in forging an agreement with Mexico with Canada.