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Currency snapshot (commodity pairs)

Dollar index trading at 94.09 (+0.03%)

Strength meter (today so far) – Aussie +0.27%, Kiwi +0.08%, Loonie +0.04%

Strength meter (since last week) – Aussie +0.21%, Kiwi +0.43%, Loonie -0.40%

AUD/USD –

Trading at 0.757

Trend meter –

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

Support –

  • Long term – 0.746, Medium term – 0.75, Short term – 0.765 (broken)

Resistance –

  • Long term – 0.825, Medium term – 0.8, Short term – 0.78

Economic release today –

  • NIL

Commentary –

  • Aussie is marginally higher this week.

NZD/USD –

Trading at 0.681

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 (testing)

Resistance –

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

Economic release today –

  • Global dairy auction is scheduled today.

Commentary –

  • Kiwi is consolidating below 0.69 area and is likely to decline towards 0.64 area. It is the best performer this week.

 USD/CAD –

Trading at 1.281

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 – 1.28

Economic release today –

  • Wholesale sales report for September will be released at 13:30 GMT.

Commentary –

  • Loonie is down this week on stronger dollar, NAFTA uncertainty, and relatively weaker oil price.

 

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