• Currency snapshot (commodity pairs)

    Source: FxWire Pro - Commentary / 03 Jan 2018 09:22:44   Eastern Standard Time

    Dollar index trading at 92.02 (+0.19%)

    Strength meter (today so far) – Aussie +0.12%, Kiwi +0.05%, Loonie -0.18%

    Strength meter (since last week) – Aussie +0.51%, Kiwi +0.20%, Loonie +0.22%

    AUD/USD –

    Trading at 0.784

    Trend meter –

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

    Support –

    • Long term – 0.746, Medium term – 0.75, Short term – 0.765

    Resistance –

    • Long term – 0.825, Medium term – 0.8, Short term – 0.78

    Economic release today –

    • AiG performace of services report will be released at 22:30 GMT.

    Commentary –

    • Aussie is up this week as the dollar remains weak.

    NZD/USD -

    Trading at 0.71

    Trend meter –

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

    Support –

    • Long term – 0.66, Medium term – 0.68, Short term – 0.69 (testing)

    Resistance –

    • Long term – 0.76, Medium term – 0.76, Short term – 0.725

    Economic release today –

    • NIL

    Commentary –

    • Kiwi is up over USD weakness.

     USD/CAD –

    Trading at 1.253

    Trend meter –

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

    Support –

    • Long term – 1.2, Medium term – 1.22, Short term – 1.246

    Resistance –

    • Long term – 1.355, Medium term – 1.32, Short term – 1.30

    Economic release today –

    • NIL.

    Commentary –

    • Loonie is the worst performer of the week.

     

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