Currency snapshot (commodity pairs)

Dollar index trading at 96.19 (+0.48%)

Strength meter (today so far) – Aussie -0.36%, Kiwi -0.26%, Loonie -0.28%

Strength meter (since last week) – Aussie +0.01%, Kiwi -0.11%, Loonie -0.24%

AUD/USD –

Trading at 0.767

Trend meter –

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

Support –

• Long term – 0.683, Medium term – 0.72, Short term – 0.73

Resistance –

• Long term – 0.782, Medium term – 0.765, Short term – 0.765

Economic release today –

• TD securities inflation rose by 0.4 percent in September, up 1.3 percent from a year back.

Commentary –

• The Australian dollar is struggling at resistance, retraced some of the gains over stronger dollar. Active call – Buy AUD/USD at 0.752 and at dip with the stop loss at 0.71 and the target at 0.82

NZD/USD –

Trading at 0.726

Trend meter –

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

Support –

• Long term – 0.66, Medium term – 0.69, Short term – 0.69

Resistance –

• Long term – 0.8, Medium term – 0.76, Short term – 0.73

Economic release today –

• Global dairy auction is scheduled for today.

Commentary –

• The kiwi continues its struggle below key resistance; focus is on dairy auctions today. We expect kiwi to rise towards 0.81 area.

 USD/CAD –

Trading at 1.311

Trend meter –

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

Support –

• Long term – 1.248, Medium term – 1.25 , Short term – 1.25

Resistance –

• Long term – 1.34, Medium term – 1.325, Short term – 1.325

Economic release today –

• NIL

Commentary –   

• The Canadian dollar remains downbeat despite better performance from oil.