Currency snapshot (commodity pairs)

Dollar index trading at 95.32 (+0.18%)

Strength meter (today so far) – Aussie -0.29%, Kiwi -0.22%, Loonie -0.01%

Strength meter (since last week) – Aussie -0.21%, Kiwi -0.38%, Loonie -0.09%

AUD/USD –

Trading at 0.709

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 –

• NIL

Commentary –

• The Australian dollar is marginally weaker this week on China woes.

NZD/USD -

Trading at 0.65

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 the worst performer of the week on emerging markets trouble. 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 –

• Housing starts  201K in August.

Commentary –

• Loonie is struggling as the U.S. moves ahead in forging an agreement with Mexico with Canada. A deal with Canada is still isn’t in sight.