Currency snapshot (commodity pairs)

Dollar index trading at 94.54 (-0.26%)

Strength meter (today so far) – Aussie +0.17%, Kiwi +0.13%, Loonie +0.20%

Strength meter (since last week) – Aussie +0.43%, Kiwi +0.48%, Loonie +0.20%

AUD/USD –

Trading at 0.773

Trend meter –

• Long term – Range, Medium term – Sell, Short term – Buy

Support –

• Long term – 0.683, Medium term – 0.728, Short term – 0.742

Resistance –

• Long term – 0.82, Medium term – 0.79, Short term – 0.79

Economic release today –

• NIL

Commentary –                                                                               

• Aussie is marginally higher versus Dollar, focus is on tomorrows FOMC.

NZD/USD –

Trading at 0.688

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 – 0.77, Medium term – 0.724, Short term – 0.724

Economic release today –

• Trade balance will be declared at 22:45 GMT.

Commentary –

• Kiwi found support in rising trend line, focus is on tomorrow’s FOMC and RBNZ.

USD/CAD –

Trading at 1.265

Trend meter –

• Long term – sell, Medium term – sell, Short term – Range/Sell

Support –

• Long term – 1.19, Medium term – 1.22 , Short term – 1.25

Resistance –

• Long term – 1.334, Medium term – 1.32, Short term – 1.3

Economic release today –

• BOC governor Poloz is scheduled to speak at 12:40 GMT.

Commentary –                                                                                         

• Loonie is awaiting next cue from FOMC and oil. All targets reached except 1.17 area, which may take a while and correction higher for the pair.