• Currency snapshot (commodity pairs)

    Source: FxWire Pro - Commentary / 25 Jun 2018 09:20:57   America/New_York

    Dollar index trading at 94.35 (-0.17%)

    Strength meter (today so far) – Aussie -0.21%, Kiwi +0.05%, Loonie -0.22%

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

    AUD/USD –

    Trading at 0.742

    Trend meter –

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

    Support –

    • Long term – 0.7, Medium term – 0.72, Short term – 0.72

    Resistance –

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

    Economic release today –

    • NIL

    Commentary –

    • Aussie is struggling amid trade uncertainty while a weaker dollar provides support.

    NZD/USD -

    Trading at 0.689

    Trend meter -

    • Long term – Sell, Meprovidesrm – 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.

     USD/CAD –

    Trading at 1.327

    Trend meter –

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

    Support –

    • Long term – 1.26, Medium term – 1.29, Short term – 1.31

    Resistance –

    • Long term – 1.35, Medium term – 1.33, Short term – 1.33

    Economic release today –

    • NIL

    Commentary –

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

     

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