Currency snapshot (commodity pairs)

Dollar index trading at 95.89 (-0.03%)

Strength meter (today so far) - Aussie +0.27%, Kiwi +1.01%, Loonie +0.48%.

Strength meter (since last week) - Aussie +0.27%, Kiwi +1.01%, Loonie +0.48%.

AUD/USD -

Trading at 0.708

Trend meter -

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

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 -

• ANZ job advertisements rose 3.9% in September.

Commentary -                                                                               

• Aussie is the worst performer today, but trading in green in line with broad based rise in commodity currencies. 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 0.65

Trend meter -

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

Support -

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

Resistance -

• Long term - 0.71, Medium term - 0.68, Short term - 0.643-0.652

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 is best performer today is testing its resistance around 0.65.

USD/CAD -

Trading at 1.308

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 - 1.35

Economic release today -

• NIL

Commentary -                                                                                         

• Loonie is up in line with broad based strength in commodity currencies. It has broken well below 1.32 resistance against Dollar. Pair is trading close to 1.3 psychological support.