Currency snapshot (commodity pairs)

Dollar index trading at 96.21 (+0.10%)

Strength meter (today so far) – Aussie -0.62%, Kiwi -0.17%, Loonie -0.08%

Strength meter (since last week) – Aussie -0.35%, Kiwi -0.18%, Loonie -0.67%

AUD/USD –

Trading at 0.71

Trend meter –

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

Support –

• Long term – 0.67, Medium term – 0.69, Short term – 0.7

Resistance –

• Long term – 0.79 Medium term – 0.75, Short term – 0.732

Economic release today –

• Unemployment rate declined by 0.1 percent to 5 percent as the participation rate declined by 0.1 percent to 65.6 percent and as the economy added 21,600 jobs in December.

Commentary –

• The Australian is moving lower amid concern over trade war between the United States and China.

NZD/USD -

Trading at 0.678

Trend meter -

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

Support –

• Long term – 0.62, Medium term – 0.65, Short term – 0.66

Resistance –

• Long term – 0.735, Medium term – 0.72, Short term – 0.695

Economic release today –

• NIL

Commentary –

• The New Zealand dollar is showing signs of weakness as bulls struggle to break resistance around 0.69 area. However, the best performer of the week. Active Call - Sell kiwi targeting 0.59 area.

 USD/CAD –

Trading at 1.335

Trend meter –

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

Support –

• Long term – 1.26, Medium term – 1.29, Short term – 1.315

Resistance –

• Long term – 1.365, Medium term – 1.35, Short term – 1.35

Economic release today –

• NIL

Commentary –

• Loonie is the worst performer of the week.