Currency snapshot (commodity pairs)

Dollar index trading at 91.98 (-0.21%)

Strength meter (today so far) – Aussie +0.50%, Kiwi +0.33%, Loonie +0.47%

Strength meter (since last week) – Aussie -0.86%, Kiwi +0.30%, Loonie -1.26%

AUD/USD –

Trading at 0.797

Trend meter –

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

Support –

• Long term – 0.746, Medium term – 0.765, Short term – 0.77

Resistance –

• Long term – 0.825, Medium term – 0.825, Short term – 0.8 (testing)

Economic release today –

• NIL

Commentary –

• Aussie is down this week over profit booking and China rating news.

NZD/USD –

Trading at 0.732

Trend meter –

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

Support –

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

Resistance –

• Long term – 0.76, Medium term – 0.76, Short term – 0.75

Economic release today –

• NIL

Commentary –

• Kiwi is the best performer of the week so far as poll shows ruling National Party headed for a big win in Saturday’s election. Active call – Buy Kiwi targeting 0.825.

 USD/CAD –

Trading at 1.226

Trend meter –

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

Support –

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

Resistance –

• Long term – 1.27, Medium term – 1.235, Short term – 1.235

Economic release today –

• Retail sales grew 0.4 percent in July.
• Consumer price index is up 1.4 percent y/y in August.

Commentary –

• The loonie is the worst performer of the week.

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