Currency snapshot (commodity pairs)

Dollar index trading at 96.85 (-0.05%)

Strength meter (today so far) - Aussie +0.17%, Kiwi +0.26%, Loonie +0.27%

Strength meter (since last week) - Aussie +0.25%, Kiwi -0.24%, Loonie +0.15%

AUD/USD -

Trading at 0.713

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 -

• NIL

Commentary -                                                                               

• Aussie is higher today, benefiting from increase in risk apettite.

NZD/USD -

Trading at 0.66

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 -

• Producer price index for fourth quarter will be released at 21:45 GMT.

Commentary -

• Kiwi is worst performer this week, but recovered from ground after last two days' selling.

USD/CAD -

Trading at 1.382

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 -

• Portfolio investment stat will be released at 13:30 GMT.

Commentary -                                                                                         

• Canadian Dollar is up today riding over higher oil price.