Currency snapshot (commodity pairs)

Dollar index trading at 93.61 (-0.03%)

Strength meter (today so far) – Aussie -0.25%, Kiwi -0.38%, Loonie -0.02%

Strength meter (since last week) – Aussie -0.32%, Kiwi +0.53%, Loonie -0.46%

AUD/USD –

Trading at 0.782

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 –

• HIA new home sales up 9.1 percent in August.   
• Building permits up 0.4 percent in August, down 15.5 percent from a year ago.
• RBA kept interest rates unchanged at 150 basis points.

Commentary –

• Aussie is lower this week over a stronger dollar.

NZD/USD –

Trading at 0.72

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 –

• The global dairy auction is scheduled today.

Commentary –

• Kiwi is the best performer of the week as political deadlock nears an end. Active call – Buy Kiwi targeting 0.825.

 USD/CAD –

Trading at 1.249

Trend meter –

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

Support –

• Long term – 1.2, Medium term – 1.2, Short term – 1.22

Resistance –

• Long term – 1.27, Medium term – 1.25, Short term – 1.25

Economic release today –

• NIL

Commentary –

• The loonie is the worst performer of the week.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest