Currency snapshot (commodity pairs)

Dollar index trading at 94.86 (-0.24%)

Strength meter (today so far) - Aussie -0.14%, Kiwi -0.45%, Loonie -0.10%.

Strength meter (since last week) - Aussie +1.63%, Kiwi -0.80%, Loonie +1.07%.

AUD/USD -

Trading at 0.775

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.71, Short term - 0.756-0.75

Resistance -

• Long term - 0.87, Medium term - 0.83, Short term - 0.793-0.796

Economic release today -

• NIL

Commentary -                                                                               

• Aussie is treading water awaiting cues from US FED next week. FED could become make or break event for Aussie as key support at 0.756 runs close.

NZD/USD -

Trading at 0.699

Trend meter -

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

Support -

• Long term - 0.653, Medium term - 0.70 (broken), Short term - 0.7-0.696(broken)

Resistance -

• Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.737-0.74, Immediate - 0.72

Economic release today -

• NIL

Commentary -

• Kiwi has broken further below 0.7 today, however some bounce back is possible.

USD/CAD -

Trading at 1.23

Trend meter -

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

Support -

• Long term - 1.17, Medium term - 1.1840-1.18, Short term - 1.217-1.213

Resistance -

• Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.28

Economic release today -

• NIL

Commentary -                                                                                         

• Canadian remains sell against dollar, however in the short term it might gain further as dollar is weakening across board.