Currency snapshot (commodity pairs)

Dollar index trading at 89.99 (-0.15%)

Strength meter (today so far) – Aussie -0.26%, Kiwi -0.31%, Loonie -0.12%

Strength meter (since last week) – Aussie -0.88%, Kiwi -0.34%, Loonie -1.96%

AUD/USD –

Trading at 0.777

Trend meter –

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

Support –

• Long term – 0.746, Medium term – 0.765, Short term – 0.765

Resistance –

• Long term – 0.85, Medium term – 0.825, Short term – 0.8

Economic release today –

• NIL

Commentary –

• Aussie is down this week as lower commodity prices weigh. Active call - Buy targeting 0.87

NZD/USD -

Trading at 0.725

Trend meter 6

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

Support –

• Long term – 0.68, Medium term – 0.69, Short term – 0.71

Resistance –

• Long term – 0.76, Medium term – 0.735, Short term – 0.735

Economic release today –

• NIL

Commentary –

• Kiwi is down this week as it struggles to break key resistance area around 0.735 It is the best performer of the week so far.

 USD/CAD –

Trading at 1.307

Trend meter –

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

Support –

• Long term – 1.2, Medium term – 1.22, Short term – 1.24

Resistance –

• Long term – 1.32, Medium term – 1.3, Short term – 1.3

Economic release today –

• Manufacturing shipments down 1 percent in January.

Commentary –

• Loonie is the worst performer of the day and week so far.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest