Currency snapshot (commodity pairs)

Dollar index trading at 98.81 (+0.47%)

Strength meter (today so far) - Aussie -0.71%, Kiwi -1.33%, Loonie -0.92%.

Strength meter (since last week) - Aussie -0.71%, Kiwi -1.33%, Loonie -0.92%.

AUD/USD -

Trading at 0.727

Trend meter -

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

Support -

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

Resistance -

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

Economic release today -

• ANZ job advertisement rose 1.3% in November.

Commentary -                                                                               

• Aussie traded higher over weaker 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 - 0.68

Economic release today -

• Third quarter manufacturing sales to be released at 21:45 GMT.

Commentary -

• Kiwi is the worst performer of the week as Dollar gained.

USD/CAD -

Trading at 1.349

Trend meter -

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

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 -

• NIL.

Commentary -                                                                                         

• Canadian Dollar is going down since OPEC scrapped the ceiling on output.