Currency snapshot (commodity pairs)

Dollar index trading at 97.94 (-0.18%)

Strength meter (today so far) – Aussie -0.01%, Kiwi +0.56%, Loonie -0.12%

Strength meter (since last week) – Aussie -0.35%, Kiwi -1.19%, Loonie -0.61%

AUD/USD –

Trading at 0.767

Trend meter –

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

Support –

• Long term – 0.683, Medium term – 0.72, Short term – 0.73

Resistance –

• Long term – 0.782, Medium term – 0.765, Short term – 0.765

Economic release today –

• NIL

Commentary –

• The aussie is marginally down today. Active call – Buy AUD/USD at 0.752 and at dip with the stop loss at 0.71 and the target at 0.82

NZD/USD –

Trading at 0.726

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 – 0.73

Economic release today –

• Third quarter CPI data will be released at 22:45 GMT.

Commentary –

• The kiwi has found support around 0.7 area. We expect kiwi to rise towards 0.81 area.

 USD/CAD –

Trading at 1.311

Trend meter –

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

Support –

• Long term – 1.248, Medium term – 1.25 , Short term – 1.25

Resistance –

• Long term – 1.34, Medium term – 1.325, Short term – 1.325

Economic release today –

• NIL

Commentary –   

• The Canadian dollar is likely to slide further against the dollar.