• Currency snapshot (commodity pairs)

    Source: FxWire Pro - Commentary / 21 Jun 2018 09:10:42   America/New_York

    Dollar index trading at 95.15 (+0.03%)

    Strength meter (today so far) – Aussie +0.23%, Kiwi +0.07%, Loonie +0.02%

    Strength meter (since last week) – Aussie -0.67%, Kiwi -0.99%, Loonie -0.75%

    AUD/USD –

    Trading at 0.739

    Trend meter –

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

    Support –

    • Long term – 0.72, Medium term – 0.75, Short term – 0.75 (broken)

    Resistance –

    • Long term – 0.825, Medium term – 0.79, Short term – 0.76

    Economic release today –

    • NIL

    Commentary –

    • Aussie is down this week amid a U.S. China trade war fear. It is selling off from former support turned resistance.

    NZD/USD -

    Trading at 0.687

    Trend meter -

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

    Support –

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

    Resistance –

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

    Economic release today –

    • NIL

    Commentary –

    • Kiwi is back testing support near 0.69 area. The worst performer of the week.

     USD/CAD –

    Trading at 1.329

    Trend meter –

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

    Support –

    • Long term – 1.22, Medium term – 1.26, Short term – 1.29

    Resistance –

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

    Economic release today –

    • May ADP employment up 2,900.
    • Wholesale sales up 0.1 percent in April.

    Commentary –

    • Loonie is down this week over trade tensions with the United States amid a stronger dollar.

     

     

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