• Currency snapshot (commodity pairs)

    Source: FxWire Pro - Commentary / 20 Mar 2018 11:09:58   Eastern Standard Time

    Dollar index trading at 90.28 (+0.39%)

    Strength meter (today so far) – Aussie -0.22%, Kiwi -0.71%, Loonie -0.02%

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

    AUD/USD –

    Trading at 0.769

    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 –

    • House price index rose 1 percent in the fourth quarter, up 5 percent from a year ago.

    Commentary –

    • Aussie gave up earlier gains as the strong dollar weighs. Active call - Buy targeting 0.87

    NZD/USD -

    Trading at 0.719

    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 down in line with the Aussie. 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 –

    • Wholesale sales up 0.1 percent in January.  

    Commentary –

    • Loonie is the best performer of the week so far, but down against the dollar.

     

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