Currency snapshot (commodity pairs)

Dollar index trading at 95.94 (-0.08%)

Strength meter (today so far) - Aussie +0.41%, Kiwi +0.94%, Loonie -0.20%.

Strength meter (since last week) - Aussie -0.38%, Kiwi -0.30%, Loonie -0.74%.

AUD/USD -

Trading at 0.699

Trend meter -

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

Support -

• Long term - 0.60, Medium term - 0.65, Short term - 0.685, immediate - 0.695

Resistance -

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

Economic release today -

• NIL

Commentary -                                                                               

• Aussie is relatively better performer today but further slide likely. Sell Aussie @ 0.76 with stop around 0.785 and 0.825 to target 0.715, 0.70, 0.685 and 0.65.

NZD/USD -

Trading at 0.636

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 -

• Building permits to be released at 23:50 GMT.

Commentary -

• Kiwi in for its next target around 0.56 against Dollar, with slowdown in China and further loosening of policy from RBNZ. No change in trend is still at sight.

USD/CAD -

Trading at 1.342

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, immediate -1.32

Resistance -

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

Economic release today -

• Industrial product price index dropped by -0.3% in August from July.

Commentary -                                                                                         

• Loonie reached lowest level in more than 11 years against Dollar. Steady deterioration suggests market's expectations of further policy easing. Failed to gain on stronger oil price today.