Currency snapshot (commodity pairs)

Dollar index trading at 92.34 (-0.07%)

Strength meter (today so far) – Aussie +0.20%, Kiwi -0.44%, Loonie -0.13%

Strength meter (since last week) – Aussie -0.60%, Kiwi -0.44%, Loonie -0.76%

AUD/USD –

Trading at 0.799

Trend meter –

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

Support –

• Long term – 0.746, Medium term – 0.765, Short term – 0.77

Resistance –

• Long term – 0.825, Medium term – 0.825, Short term – 0.8 (testing)

Economic release today –

• Consumer inflation expectation declined to 3.8 percent in September from 4.2 percent last month.
• Unemployment rate flat at 5.6 percent despite 54,200 jobs gain as participation rate edges up to 65.3 percent.

Commentary –

• Aussie is enjoying a major breakout, likely to rise towards 0.82 against the dollar. Down this week as commodities slide.

NZD/USD –

Trading at 0.722

Trend meter –

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

Support –

• Long term – 0.69, Medium term – 0.71, Short term – 0.71

Resistance –

• Long term – 0.76, Medium term – 0.76, Short term – 0.75

Economic release today –

• NIL

Commentary –

• Kiwi remains downbeat over RBNZ’s verbal stance against the kiwi. Active call – Buy Kiwi targeting 0.825.

 USD/CAD –

Trading at 1.218

Trend meter –

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

Support –

• Long term – 1.2, Medium term – 1.2, Short term – 1.2

Resistance –

• Long term – 1.27, Medium term – 1.235, Short term – 1.235

Economic release today –

• New house price index will be updated at 12:30 GMT.

Commentary –

• The loonie is correcting this week. The worst performer of the week.

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