• Currency snapshot (commodity pairs)

    Source: FxWire Pro - Commentary / 14 Aug 2018 10:15:53   America/New_York

    Dollar index trading at 96.35 (+0.04%)

    Strength meter (today so far) – Aussie -0.19%, Kiwi +0.40%, Loonie +0.34%

    Strength meter (since last week) – Aussie -0.53%, Kiwi +0.46%, Loonie +0.32%

    AUD/USD –

    Trading at 0.725

    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 remains under pressure from a rising dollar and a weakness in China’s economy.

    NZD/USD -

    Trading at 0.66

    Trend meter -

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

    Support –

    • Long term – 0.62, Medium term – 0.65, Short term – 0.67

    Resistance –

    • Long term – 0.735, Medium term – 0.735, Short term – 0.705

    Economic release today –

    • NIL

    Commentary –

    • Kiwi seems to have broken the key support around 0.67 area. Active Call - Sell kiwi targeting 0.62 area.

     USD/CAD –

    Trading at 1.309

    Trend meter –

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

    Support –

    • Long term – 1.26, Medium term – 1.29, Short term – 1.3

    Resistance –

    • Long term – 1.35, Medium term – 1.33, Short term – 1.32

    Economic release today –

    • NIL

    Commentary –

    • Loonie is up this week as a stronger economy and NAFTA hope are keeping the Canadian dollar elevated.  
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