Currency snapshot (commodity pairs)

Dollar index trading at 90.42 (-1.61%)

Strength meter (today so far) – Aussie -0.13%, Kiwi -0.27%, Loonie -0.01%

Strength meter (since last week) – Aussie +0.51%, Kiwi +0.39%, Loonie +0.22%

AUD/USD –

Trading at 0.795

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

Resistance –

• Long term – 0.825, Medium term – 0.8, Short term – 0.78 (broken)

Economic release today –

• New motor vehicle sales rose 4.5 percent in December, up 6.7 percent from a year ago.

Commentary –

• Aussie is down today despite on stronger dollar but up for the week.

NZD/USD -

Trading at 0.727

Trend meter –

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

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 (broken)

Economic release today –

• Global dairy auction is scheduled this week.

Commentary –

• Kiwi is the up on weaker dollar this week.

 USD/CAD –

Trading at 1.243

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 – 1.30

Economic release today –

• NIL

Commentary –

• Loonie is the worst performer of the week as NAFTA tensions continue.

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