Currency snapshot (commodity pairs)

Dollar index trading at 100.32 (+0.48%)

Strength meter (today so far) - Aussie +0.04%, Kiwi -0.38%, Loonie +0.04%.

Strength meter (since last week) - Aussie +1.84%, Kiwi +1.87%, Loonie +0.12%.

AUD/USD -

Trading at 0.732

Trend meter -

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

Support -

• Long term - 0.63, Medium term - 0.69, Short term - 0.707

Resistance -

• Long term - 0.76, Medium term - 0.738, Short term - 0.727

Economic release today -

• Third quarter GDP surprised to upside, growing at 0.9%, up 2.5% from a year ago.

Commentary -                                                                               

• Aussie is better performer, despite stronger Dollar. Likely to target 0.74 area in the shorter term.

NZD/USD -

Trading at 0.665

Trend meter -

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

Support -

• Long term - 0.56, Medium term - 0.618, Short term - 0.643

Resistance -

• Long term - 0.7, Medium term - 0.68, Short term - 0.663 (broken)

Economic release today -

• Prices rose 3.6% in global dairy auctions.

Commentary -

• Kiwi is down today but still the best performer of the week so far.

USD/CAD -

Trading at 1.335

Trend meter -

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

Support -

• Long term - 1.285, Medium term - 1.302, Short term - 1.322,

Resistance -

• Long term - 1.4, Medium term - 1.36, Short term - 1.343

Economic release today -

• BOC kept monetary policy steady and rates at 0.5%

Commentary -                                                                                         

• Canadian Dollar continuing its range.