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Currency snapshot (commodity pairs)

Dollar index trading at 93.68 (+0.18%)

Strength meter (today so far) – Aussie -0.21%, Kiwi +0.56%, Loonie -0.00%

Strength meter (since last week) – Aussie -0.52%, Kiwi -0.45%, Loonie -0.40%

AUD/USD –

Trading at 0.783

Trend meter –

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

Support –

  • Long term – 0.746, Medium term – 0.765, Short term – 0.77

Resistance –

  • Long term – 0.825, Medium term – 0.825, Short term – 0.8

Economic release today –

  • NIL

Commentary –

  • Aussie is the worst performer of the week as the dollar recovers.

NZD/USD –

Trading at 0.713

Trend meter –

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

Support –

  • Long term – 0.69, Medium term – 0.7, Short term – 0.71

Resistance –

  • Long term – 0.76, Medium term – 0.76, Short term – 0.725

Economic release today –

  • NIL

Commentary –

  • Kiwi is heading higher from support around 0.7 area, however facing resistance around 0.72 area. Active call – Buy Kiwi targeting 0.825.

 USD/CAD –

Trading at 1.25

Trend meter –

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

Support –

  • Long term – 1.2, Medium term – 1.2, Short term – 1.22

Resistance –

  • Long term – 1.27, Medium term – 1.25, Short term – 1.25 (testing)

Economic release today –

  • Manufacturing shipments up 1.6 percent in August.

Commentary –

  • Loonie recovered after news on NAFTA extension.

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