Currency snapshot (commodity pairs)

Dollar index trading at 94.66 (-0.25%)

Strength meter (today so far) – Aussie +0.07%, Kiwi -0.19%, Loonie -0.23%

Strength meter (since last week) – Aussie +0.07%, Kiwi -0.19%, Loonie -0.23%

AUD/USD –

Trading at 0.768

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 (testing)

Resistance –

• Long term – 0.825, Medium term – 0.825, Short term – 0.8

Economic release today –

• NIL

Commentary –

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

NZD/USD –

Trading at 0.686

Trend meter –

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

Support –

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

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 1.282

Trend meter –

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

Support –

• Long term – 1.2, Medium term – 1.22, Short term – 1.246

Resistance –

• Long term – 1.355, Medium term – 1.32, Short term – 1.3

Economic release today –

• NIL

Commentary –

• Loonie is the worst performer of the week on NAFTA tension and dovish BoC.

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