Currency snapshot (commodity pairs)

Dollar index trading at 96.96 (+0.10%)

Strength meter (today so far) - Aussie -0.25%, Kiwi -0.08%, Loonie +0.07%

Strength meter (since last week) - Aussie +0.59%, Kiwi +0.15%, Loonie +1.24%

AUD/USD -

Trading at 0.715

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 -

• Unemployment rate edged up to 6% as unemployment rose by +7900.

Commentary -                                                                               

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

NZD/USD -

Trading at 0.662

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

USD/CAD -

Trading at 1.367

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 -

• Wholesale sales rose by 2% In December.

Commentary -                                                                                         

• Canadian Dollar is best performer this week, thanks to rising oil price.