Currency snapshot (commodity pairs)

Dollar index trading at 95.25 (+0.10%)

Strength meter (today so far) - Aussie +0.69%, Kiwi +0.29%, Loonie -0.03%.

Strength meter (since last week) - Aussie +0.69%, Kiwi +0.29%, Loonie -0.03%.

AUD/USD -

Trading at 0.714

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.65, Short term - 0.685, immediate - 0.695

Resistance -

• Long term - 0.83, Medium term - 0.725, Short term - 0.725

Economic release today -

• NIL

Commentary -                                                                               

• Aussie is best performer today. Active call - Sell Aussie with stop around 0.785 and 0.825 to target 0.715, 0.70, 0.685 and 0.65. In spite of medium term sell call, Aussie might give much larger correction towards 0.735.

NZD/USD -

Trading at 0.633

Trend meter -

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

Support -

• Long term - 0.56, Medium term - 0.60, Short term - 0.615

Resistance -

• Long term - 0.71, Medium term - 0.68, Short term - 0.643-0.65

Economic release today -

• NIL

Commentary -

• Kiwi in for its next target around 0.56 against Dollar, with slowdown in China and further loosening of policy from RBNZ. Kiwi is marginally up today, focus is on FOMC on Thursday.

USD/CAD -

Trading at 1.326

Trend meter -

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

Support -

• Long term - 1.19, Medium term - 1.26, Short term - 1.29

Resistance -

• Long term - 1.38, Medium term - 1.35, Short term - 1.34

Economic release today -

• NIL

Commentary -                                                                                         

• Loonie is consolidating, lower oil price is posing headwinds for Loonie.