Currency snapshot (commodity pairs)

Dollar index trading at 93.21 (-0.22%)

Strength meter (today so far) – Aussie +0.35%, Kiwi -1.89%, Loonie +0.04%

Strength meter (since last week) – Aussie -0.34%, Kiwi -2.69%, Loonie -0.42%

AUD/USD –

Trading at 0.785

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 only marginally down this week on recovering dollar.

NZD/USD –

Trading at 0.698

Trend meter –

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

Support –

• Long term – 0.69 (testing), Medium term – 0.7 (testing), Short term – 0.71 (broken)

Resistance –

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

Economic release today –

• NIL

Commentary –

• Kiwi is the worst performer of the week as opposition leader Jacinda Ardern will become next Prime Minister.

 USD/CAD –

Trading at 1.249

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 –

• Retail sales report for August will be released at 12:30 GMT, along with consumer price inflation report for September.

Commentary –

• Loonie remains downbeat this week on weaker oil price and recovering dollar.

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