Currency snapshot (commodity pairs)

Dollar index trading at 98.94 (+0.10%)

Strength meter (today so far) - Aussie +0.63%, Kiwi -0.26%, Loonie -0.40%.

Strength meter (since last week) - Aussie +1.12%, Kiwi +0.09%, Loonie -0.05%.

AUD/USD 

Trading at 0.711

Trend meter 

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

Support 

• Long term - 0.60, Medium term - 0.69, Short term - 0.7

Resistance 

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

Economic release today 

• In October, Australian unemployment dropped by 0.3% to 5.9%, lowest since last year as 58,600 jobs were added among which 40,000 being permanent.

Commentary                                                                  

• Aussie moved sharply up over jobs report to trade as high as 0.716, however dropped in early New York session over commodities slide.

NZD/USD 

Trading at 0.653

Trend meter 

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

Support 

• Long term - 0.56, Medium term - 0.625, Short term - 0.65

Resistance 

• Long term - 0.77, Medium term - 0.725, Short term - 0.68

Economic release today 

• NIL

Commentary 

• Kiwi is hovering around key support at 0.65 area, however further downside likely.

USD/CAD 

Trading at 1.33

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 

• New home price index, rose by 0.1% in October, up 1.3% from a year ago.

Commentary                                                               

• Canadian Dollar lost grounds over drop in oil prices.