Currency snapshot (commodity pairs)

Dollar index trading at 96.80 (-0.43%)

Strength meter (today so far) - Aussie +0.73%, Kiwi +1.03%, Loonie +0.71%.

Strength meter (since last week) - Aussie -0.97%, Kiwi +0.45%, Loonie +0.73%.

AUD/USD -

Trading at 0.714

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.69, Short term - 0.719-717

Resistance -

• Long term - 0.82, Medium term - 0.785 -0.79, Short term - 0.74

Economic release today -

• Private credit rose by 6.7% y/y in September.

Commentary -                                                                               

• Aussie Dollar recovered today as Dollar weakened across board.

NZD/USD -

Trading at 0.677

Trend meter -

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

Support -

• Long term - 0.56, Medium term - 0.625, Short term - 0.66

Resistance -

• Long term - 0.77, Medium term - 0.725, Short term - 0.7

Economic release today -

• NIL

Commentary -

• Kiwi is the best performer today.

USD/CAD -

Trading at 1.306

Trend meter -

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

Support -

• Long term - 1.19, Medium term - 1.28, Short term - 1.303,

Resistance -

• Long term - 1.38, Medium term - 1.35, Short term - 1.34

Economic release today -

• GDP grew by 0.1% in August.

Commentary -                                                                                         

• Higher oil price and weaker Dollar supported Loonie to gain against Dollar.