Currency snapshot (commodity pairs)

Dollar index trading at 97.32 (-0.50%).

Strength meter (today so far) - Aussie +0.76%, Kiwi 0.62%, Loonie +0.07%.

Strength meter (since last week) - Aussie +0.76%, Kiwi 0.62%, Loonie +0.07%.

AUD/USD -

Trading at 0.783

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.71, Short term - 0.756-0.75

Resistance -

• Long term - 0.87, Medium term - 0.83, Short term - 0.79-0.80

Economic release today -

• CB leading indicator to be released at 23:00 GMT

Focus -

• Focus is on policy move by RBA.
• Slowdown in domestic economy and China.

NZD/USD -

Trading at 0.76

Trend meter -

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

 Support -

• Long term - 0.653, Medium term - 0.719-0.712, Short term - 0.738-0.736

 Resistance - 

• Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.768-0.77

 Economic release today -

• Westpac consumer survey came at 117.4, up from previous 114.8

 Focus -

• Strong economic dockets.
• Weaker inflation.
• Lower commodity prices.