Currency snapshot (commodity pairs)

Dollar index trading at 94.65 (+0.10%)

Strength meter (today so far) – Aussie +0.22%, Kiwi -0.11%, Loonie +0.04%

Strength meter (since last week) – Aussie +0.01%, Kiwi +0.36%, Loonie -0.73%

AUD/USD –

Trading at 0.767

Trend meter –

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

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 recovered from earlier loss but under pressure over election tensions.

NZD/USD –

Trading at 0.689

Trend meter –

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

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 up on better than expected unemployment report.

 USD/CAD –

Trading at 1.289

Trend meter –

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

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 –

• Markit manufacturing PMI report for October will be released at 13:30 GMT.
• BoC governor Poloz is scheduled to speak at 13:30 GMT.

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