• Currency snapshot (commodity pairs)

    Source: FxWire Pro - Commentary / 22 Mar 2018 06:14:49   Eastern Standard Time

    Dollar index trading at 89.66 (-0.05%)

    Strength meter (today so far) – Aussie -0.64%, Kiwi +0.08%, Loonie +0.12%

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

    AUD/USD –

    Trading at 0.773

    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 –

    • The unemployment rate edged up by 0.1 percent to 5.6 percent as the participation rate edged up by 0.1 percent to 65.7 percent. Employment rose by 17,500.

    Commentary –

    • Aussie recovered from earlier loss as dollar weakens after FOMC meeting. Active call - Buy targeting 0.87

    NZD/USD -

    Trading at 0.724

    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 recovered from earlier loss on a weaker dollar after RBNZ meeting.

     USD/CAD –

    Trading at 1.288

    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 –

    • NIL

    Commentary –

    • Loonie is the best performer of the week so far.

     

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