Currency snapshot (commodity pairs)

Dollar index trading at 93.92 (+0.07%)

Strength meter (today so far) – Aussie -0.41%, Kiwi -1.00, Loonie -0.10%

Strength meter (since last week) – Aussie -0.47%, Kiwi -0.46%, Loonie -0.94%

AUD/USD –

Trading at 0.778

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

Economic release today –

• NIL

Commentary –

• Aussie is down this week as the dollar recovery gains ground.

NZD/USD –

Trading at 0.691

Trend meter –

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

Support –

• Long term – 0.66, Medium term – 0.68, Short term – 0.69

Resistance –

• Long term – 0.76, Medium term – 0.76, Short term – 0.725

Economic release today –

• Unemployment report for the third quarter will be released at 21:45 GMT

Commentary –

• Kiwi is declining steadily since the government change.

 USD/CAD –

Trading at 1.265

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 (broken)

Economic release today –

• NIL

Commentary –

• Loonie is the worst performer of the day on NAFTA tension.

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