Currency snapshot (commodity pairs)

Dollar index trading at 97.95 (+0.52%).

Strength meter (today so far) - Aussie -0.15%, Kiwi -0.04%, Loonie -0.07%.

Strength meter (since last week) - Aussie -0.15%, Kiwi -0.04%, Loonie -0.07%.

AUD/USD -

Trading at 0.778

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.71, Short term - 0.756-0.75

Resistance -

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

Economic release today -

• Governor Glenn Stevens is scheduled to speak at 16:30 GMT.

Commentary -

• Aussie jumped in early hours to trade as high as 0.7826, as China cut reserve ratio by 1% over the weekend. However performance waned since, now the pair struggling to keep head above 0.78 level.

NZD/USD -

Trading at 0.769

Trend meter -

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

Support -

• Long term - 0.653, Medium term - 0.719-0.712, Short term - 0.738-0.736, Immediate - 0.744-0.741

Resistance -

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

Economic release today -

• NIL

Commentary -

• Kiwi's opened gap up amid PBOC reserve ratio cut by 1% to trade around 0.772, however failed to break the resistance so far.

USD/CAD -

Trading at 1.224

Trend meter -

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

Support -

• Long term - 1.17, Medium term - 1.1840-1.18, Short term - 1.205-1.20

Resistance -

• Long term - 1.298-1.315, Medium term - 1.30-1.35, Short term - 1.267-1.27. Immediate - 1.235-1.241

Economic release today -

• Governor Poloz is scheduled to speak at 14:00 GMT. Might provide further direction.

Commentary -

• Loonie was the best performer last week, not making much move today so far. Pair has traded between 1.218-1.226 for the day.