• Currency snapshot (commodity pairs)

    Source: FxWire Pro - Commentary / 19 Mar 2018 07:06:15   Eastern Standard Time

    Dollar index trading at 90.10 (-0.09%)

    Strength meter (today so far) – Aussie +0.04%, Kiwi +0.25%, Loonie +0.06%

    Strength meter (since last week) – Aussie +0.04%, Kiwi +0.25%, Loonie +0.06%

    AUD/USD –

    Trading at 0.771

    Trend meter –

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

    Support –

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

    Resistance –

    • Long term – 0.85, Medium term – 0.825, Short term – 0.8

    Economic release today –

    • NIL

    Commentary –

    • Aussie started the week on a positive note. Active call - Buy targeting 0.87

    NZD/USD -

    Trading at 0.722

    Trend meter 6

    • 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 of the day. The focus in on RBNZ meeting later in the week.

     USD/CAD –

    Trading at 1.308

    Trend meter –

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

    Support –

    • Long term – 1.2, Medium term – 1.22, Short term – 1.24

    Resistance –

    • Long term – 1.32, Medium term – 1.3, Short term – 1.3

    Economic release today –

    • Manufacturing shipments down 1 percent in January.

    Commentary –

    • Loonie is is up today on a weaker dollar.

     

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