Currency snapshot (commodity pairs)

Dollar index trading at 95.16 (-0.35%)

Strength meter (today so far) - Aussie +0.11%, Kiwi +0.13%, Loonie -0.23%.

Strength meter (since last week) - Aussie +2.50%, Kiwi +0.59%, Loonie +0.12%.

AUD/USD -

Trading at 0.707

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.65, Short term - 0.685

Resistance -

• Long term - 0.83, Medium term - 0.725, Short term - 0.705

Economic release today -

• NIL

Commentary -                                                                               

• Aussie is best performer this week, marginally up today. Active call - Sell Aussie with stop around 0.785 and 0.825 to target 0.715, 0.70, 0.685 and 0.65.

NZD/USD -

Trading at 0.63

Trend meter -

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

Support -

• Long term - 0.56, Medium term - 0.60, Short term - 0.615

Resistance -

• Long term - 0.71, Medium term - 0.68, Short term - 0.643-0.65

Economic release today -

• NIL

Commentary -

• Kiwi in for its next target around 0.56 against Dollar, with slowdown in China and further loosening of policy from RBNZ. Kiwi trying to get over sell off from RBNZ rate cut, focus is on FOMC now.

USD/CAD -

Trading at 1.32

Trend meter -

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

Support -

• Long term - 1.19, Medium term - 1.26, Short term - 1.29

Resistance -

• Long term - 1.38, Medium term - 1.35, Short term - 1.34

Economic release today -

• NIL

Commentary -                                                                                         

• Loonie is consolidating, awaiting further clarity over next move, while lower oil price is taking its toll; on the pair.