Currency snapshot (commodity pairs)

Dollar index trading at 96.51 (+0.41%)

Strength meter (today so far) - Aussie +0.63%, Kiwi +0.79%, Loonie +0.12%

Strength meter (since last week) - Aussie +0.63%, Kiwi +0.79%, Loonie +0.12%

AUD/USD -

Trading at 0.715

Trend meter -

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

Support -

• Long term - 0.63, Medium term - 0.68, Short term - 0.703

Resistance -

• Long term - 0.75, Medium term - 0.738, Short term - 0.733

Economic release today -

• New motor vehicle sales rose by 0.5% in January.

Commentary -                                                                               

• Aussie is up over rising risk appetite.

NZD/USD -

Trading at 0.667

Trend meter -

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

Support -

• Long term - 0.56, Medium term - 0.62, Short term - 0.643

Resistance -

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

Economic release today -

• Retail sales will be released at 21:45 GMT.

Commentary -

• Kiwi is best performer today.

USD/CAD -

Trading at 1.382

Trend meter -

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

Support -

• Long term - 1.285, Medium term - 1.385, Short term - 1.395,

Resistance -

• Long term - 1.5, Medium term - 1.45, Short term - 1.42

Economic release today -

• NIL

Commentary -                                                                                         

• Canadian Dollar finding support over stronger oil price.