Currency snapshot (commodity pairs)

Dollar index trading at 102.69 (+0.03%)

Strength meter (today so far) – Aussie -0.03%, Kiwi +0.41%, Loonie -0.02%

Strength meter (since last week) – Aussie -0.03%, Kiwi +0.41%, Loonie -0.02%

AUD/USD –

Trading at 0.717

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 –

• AiG performance of manufacturing index for December will be published at 22:30 GMT.

Commentary –                                                                               

• Aussie is marginally down today. COT report shows net speculative position shifted from long to short last week.

NZD/USD –

Trading at 0.692

Trend meter –

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

Support –

• Long term – 0.66, Medium term – 0.69 (broken), Short term – 0.69 (broken)

Resistance –

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

Economic release today –

• NIL

Commentary –

• With GDT auction ahead, the kiwi is the best performer of the day.

 USD/CAD –

Trading at 1.343

Trend meter –

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

Support –

• Long term – 1.28, Medium term – 1.3 , Short term – 1.3

Resistance –

• Long term – 1.38, Medium term – 1.365, Short term – 1.365

Economic release today –

• NIL

Commentary –                                                                                         

• Loonie is marginally down today. We expect the loonie to reach 1.375 and 1.4.