• Currency snapshot (commodity pairs)

    Source: FxWire Pro - Commentary / 23 Jan 2018 08:36:26   Eastern Standard Time

    Dollar index trading at 90.42 (-0.08%)

    Strength meter (today so far) – Aussie -0.45%, Kiwi +0.07%, Loonie -0.22%

    Strength meter (since last week) – Aussie -0.13%, Kiwi +0.92%, Loonie +0.06%

    AUD/USD –

    Trading at 0.797

    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 – 0.8

    Economic release today –

    • NIL

    Commentary –

    • Aussie declined sharply as U.S. imposes tariffs on Chinese goods such as solar panels.

    NZD/USD -

    Trading at 0.732

    Trend meter –

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

    Support –

    • Long term – 0.68, Medium term – 0.69, Short term – 0.71

    Resistance –

    • Long term – 0.76, Medium term – 0.735, Short term – 0.735

    Economic release today –

    • NIL

    Commentary –

    • Kiwi is the best performer this week.

     USD/CAD –

    Trading at 1.248

    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 (testing)

    Resistance –

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

    Economic release today –

    • NIL

    Commentary –

    • Loonie is likely to strengthen from here.

     

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