Currency snapshot (commodity pairs)

Dollar index trading at 102.06 (-0.05%)

Strength meter (today so far) – Aussie -0.22%, Kiwi -0.17%, Loonie -0.28%

Strength meter (since last week) – Aussie -1.11%, Kiwi -1.90%, Loonie -1.18%

AUD/USD –

Trading at 0.75

Trend meter –

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

Support –

• Long term – 0.71, Medium term – 0.73, Short term – 0.75

Resistance –

• Long term – 0.782, Medium term – 0.78, Short term – 0.78

Economic release today –

• NIL

Commentary –

• Aussie slid further and currently at key support at 0.75 area.

NZD/USD –

Trading at 0.69

Trend meter –

• Long term – Sell, Medium term – Buy, Short term – Buy

Support –

• Long term – 0.66, Medium term – 0.69, Short term – 0.69

Resistance –

• Long term – 0.8, Medium term – 0.76, Short term – 0.733

Economic release today –

• NIL

Commentary –

• Kiwi is threatening to break an important support around 0.69 area and it is the worst performer of the week so far.

 USD/CAD –

Trading at 1.352

Trend meter –

• Long term – sell, Medium term – buy, Short term – Range/buy

Support –

• Long term – 1.28, Medium term – 1.3, Short term – 1.3

Resistance –

• Long term – 1.38, Medium term – 1.365, Short term – 1.365

Economic release today –

• New house price index for January will be updated at 13:30 GMT.

Commentary –   

• Loonie declined as oil price dropped more than 5 percent yesterday.