Currency snapshot (commodity pairs)

Dollar index trading at 99.81 (+0.18%)

Strength meter (today so far) - Aussie -0.45%, Kiwi -0.13%, Loonie -0.24%.

Strength meter (since last week) - Aussie -0.59%, Kiwi -1.47%, Loonie -0.21%.

AUD/USD -

Trading at 0.708

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.69, Short term - 0.7

Resistance -

• Long term - 0.82, Medium term - 0.785 -0.79, Short term - 0.74

Economic release today -

• Wages grew by 0.6% in third quarter, up 2.3% from a year ago, slowest pace since 1998.

Commentary -                                                                               

• Aussie declining heading into FOMC minutes.

NZD/USD -

Trading at 0.644

Trend meter -

• Long term - Sell, Medium term - Range/sell, Short term - Range/Sell

Support -

• Long term - 0.56, Medium term - 0.625, Short term - 0.635

Resistance -

• Long term - 0.77, Medium term - 0.725, Short term - 0.68

Economic release today -

• NIL

Commentary -

• Kiwi is the worst performer of the lot this week, further declining is likely.

USD/CAD -

Trading at 1.335

Trend meter -

• Long term - Buy, Medium term - Range, Short term - Range

Support -

• Long term - 1.19, Medium term - 1.28, Short term - 1.303,

Resistance -

• Long term - 1.38, Medium term - 1.35, Short term - 1.34

Economic release today -

• NIL

Commentary -                                                                                         

• Loonie is best performer this week and today and that is commendable considering drop in oil price and strong dollar.