Currency snapshot (commodity pairs)

Dollar index trading at 96.85 (+0.01%)

Strength meter (today so far) - Aussie -0.82%, Kiwi -0.83%, Loonie -0.60%

Strength meter (since last week) - Aussie -0.25%, Kiwi -0.42%, Loonie +0.14%

AUD/USD -

Trading at 0.709

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 marginally down for the week.

NZD/USD -

Trading at 0.658

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 ground after early 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 -

• BOC consumer price rose by 0.3% in January, up 2% from a year ago.

Commentary -                                                                                         

• Canadian Dollar is still up for the week but giving up gains as oil price declining.