Currency snapshot (commodity pairs)

Dollar index trading at 97.75 (-0.15%)

Strength meter (today so far) - Aussie -0.04%, Kiwi +0.39%, Loonie +0.25%.

Strength meter (since last week) - Aussie +0.70%, Kiwi -0.56%, Loonie -0.40%.

AUD/USD -

Trading at 0.734

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.71, Short term - 0.71-0.715

Resistance -

• Long term - 0.87, Medium term - 0.83, Short term - 0.78, Immediate - 0.75

Economic release today -

• Unemployment rate grew to 6.3% in July from 6.1% in June. Employment rose by 38,500.

Commentary -                                                                               

• Aussie is still the best performing major so far this week. Focus is on NFP tomorrow. Active call - Sell Aussie with stop around 0.785 and 0.825 to target 0.715, 0.70 and 0.65.

NZD/USD -

Trading at 0.651

Trend meter -

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

Support -

• Long term - 0.653, Medium term - 0.65, Short term - 0.65

Resistance -

• Long term - 0.883, Medium term - 0.80-0.805, Short term - 0.737-0.74, Immediate - 0.705

Economic release today -

• NIL

Commentary -

• Bears have broken below 0.65 mark yesterday, focus now turns on NFP report tomorrow.

USD/CAD -

Trading at 1.313

Trend meter -

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

Support -

• Long term - 1.17, Medium term - 1.217, Short term - 1.265

Resistance -

• Long term - 1.32, Medium term - 1.315-1.32, Short term - 1.32

Economic release today -

• NIL

Commentary -                                                                                         

• Canadian dollar remains sell against dollar, the pair might reach as high as 1.38. Crude oil likely to provide guidance.