Currency snapshot (commodity pairs)

Dollar index trading at 96.31 (+0.16%)

Strength meter (today so far) - Aussie +1.4%, Kiwi +0.83%, Loonie +1.00%

Strength meter (since last week) - Aussie +1.79%, Kiwi -1.03%, Loonie +0.76%

AUD/USD -

Trading at 0.757

Trend meter -

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

Support -

• Long term - 0.63, Medium term - 0.68, Short term - 0.72

Resistance -

• Long term - 0.78, Medium term - 0.75(broken), Short term - 0.75 (broken)

Economic release today -

• NIL

Commentary -                                                                               

• Aussie is up today benefiting from risk favoring sentiment.

NZD/USD -

Trading at 0.675

Trend meter -

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

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 up today but worst performer of the week due to surprise rate cut from RBNZ.

USD/CAD -

Trading at 1.319

Trend meter -

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

Support -

• Long term - 1.285, Medium term - 1.3 , Short term - 1.32

Resistance -

• Long term - 1.5, Medium term - 1.42, Short term - 1.38

Economic release today -

• Unemployment rate ticked up further to 7.3%.

Commentary -                                                                                         

• Canadian Dollar is up as Dollar loses its grip further. Next targets are, 1.32, 1.29 and 1.17 area. Focus today is on BOC monetary policy.