Currency snapshot (commodity pairs)

Dollar index trading at 97.11 (+11%).

Strength meter (today so far) - Aussie +0.11%, Kiwi -0.25%, Loonie +0.08%.

Strength meter (since last week) - Aussie +1.40%, Kiwi 0.93%, Loonie +0.31%.

AUD/USD -

Trading at 0.788

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.71, Short term - 0.756-0.75, Immediate - 0.763-0.76

Resistance -

• Long term - 0.87, Medium term - 0.83, Short term - 0.79-0.80

Economic release today -

• NIL

Focus -

• Aussie is the top performer this week, however weaker Chinese HSBC PMI and stronger dollar is weighing on price just below the resistance.

NZD/USD -

Trading at 0.763

Trend meter -

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

Support -

• Long term - 0.653, Medium term - 0.719-0.712, Short term - 0.738-0.736, Immediate - 0.757- 0.755

Resistance -

• Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.768-0.772

Economic release today -

• Trade balance to be released at 9:45 GMT.

Focus -

• Pair is facing headwinds over slowdown in China.

USD/CAD -

Trading at 1.251

Trend meter -

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

Support -

• Long term - 1.17, Medium term - 1.24-1.234, Short term - 1.247-1.245

Resistance -

• Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.284, Immediate - 1.274-1.276

Economic release today -

• NIL

Focus -

• Pair is moving down from broad based US dollar weakness, however prospects of further easing by BOC is weighing on price.