Currency snapshot (commodity pairs)

Dollar index trading at 94.08 (+0.48%)

Strength meter (today so far) – Aussie -0.05%, Kiwi -0.35%, Loonie -0.09%

Strength meter (since last week) – Aussie -1.46%, Kiwi -1.19%, Loonie -1.18%

AUD/USD –

Trading at 0.77

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 –

• Terms of trade deteriorated as import price index declined 1.6 percent in the third quarter, while export price index is up 3 percent.

Commentary –

• Aussie is down this week on weaker than expected economic data, recovering dollar, and weaker commodity price.

NZD/USD –

Trading at 0.688

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 –

• NIL

Commentary –

• Kiwi is declining steadily since the government change.

 USD/CAD –

Trading at 1.268

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 down this week on NAFTA tension.

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