Currency snapshot (commodity pairs)

Dollar index trading at 97.17 (+0.12%)

Strength meter (today so far) - Aussie +0.27%, Kiwi +0.03%, Loonie +0.22%

Strength meter (since last week) - Aussie +0.27%, Kiwi +0.03%, Loonie +0.22%

AUD/USD -

Trading at 0.707

Trend meter -

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

Support -

• Long term - 0.63, Medium term - 0.68, Short term - 0.703

Resistance -

• Long term - 0.75, Medium term - 0.738, Short term - 0.733

Economic release today -

• ANZ job advertisement rose 1% in January.

Commentary -                                                                               

• Australian Dollar is trading in green today after massive loss on Friday.

NZD/USD -

Trading at 0.661

Trend meter -

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

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 -

• NIL

Commentary -

• Kiwi is trading subdued today.

USD/CAD -

Trading at 1.394

Trend meter -

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

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 -

• Building permits to be released at 13:30 GMT.
• BOC member Lane is scheduled to speak at 16:50 GMT.

Commentary -                                                                                         

• Canadian Dollar likely to gain on weak Dollar and stronger oil.