• Currency snapshot (commodity pairs)

    Source: FxWire Pro - Commentary / 20 Aug 2018 11:09:20   America/New_York

    Dollar index trading at 96.11 (-0.02%)

    Strength meter (today so far) – Aussie +0.08%, Kiwi -0.15%, Loonie -0.12%

    Strength meter (since last week) – Aussie +0.08%, Kiwi -0.15%, Loonie -0.12%

    AUD/USD –

    Trading at 0.731

    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 –

    • RBA governor Phillip Lowe is set for a speech at 22:00 GMT.

    Commentary –

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

    NZD/USD -

    Trading at 0.662

    Trend meter -

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

    Support –

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

    Resistance –

    • Long term – 0.725, Medium term – 0.7, Short term – 0.675

    Economic release today –

    • NIL

    Commentary –

    • The New Zealand dollar remains downbeat amid a stronger dollar. Active Call - Sell kiwi targeting 0.62 area.

     USD/CAD –

    Trading at 1.307

    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 focused on looming NAFTA deal with the United States.
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