Currency snapshot (commodity pairs)

Dollar index trading at 97.92 (+0.75%)

Strength meter (today so far) - Aussie -0.65%, Kiwi -1.25%, Loonie -0.80%.

Strength meter (since last week) - Aussie +0.17%, Kiwi -2.82%, Loonie -0.76%.

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 - 0.71

Resistance -

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

Economic release today -

• Australia ran September deficit at -$2.37 billion.
• Retail sales rose 0.4% in September from August.

Commentary -                                                                               

• Aussie is still positive against Dollar for the week, making it a best performer.

NZD/USD -

Trading at 0.657

Trend meter -

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

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 worst performer of the week so far, as dairy prices dropped by another -7.4% in last night's auction.

USD/CAD -

Trading at 1.317

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 -

• Canada's trade balance in September came at -$1.73 billion.

Commentary -                                                                                         

• Loonie gave up some of its early gains as oil price retreat.