• Currency snapshot (commodity pairs)

    Source: FxWire Pro - Commentary / 21 Aug 2018 13:03:05   America/New_York

    Dollar index trading at 95.51 (-0.23%)

    Strength meter (today so far) – Aussie +0.27%, Kiwi +0.60%, Loonie +0.03%

    Strength meter (since last week) – Aussie +0.67%, Kiwi +0.72%, Loonie +0.11%

    AUD/USD –

    Trading at 0.736

    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 recovered from earlier loss on a weaker dollar.

    NZD/USD -

    Trading at 0.668

    Trend meter -

    • Long an 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 –

    • Dairy price declined by 3.6 percent at today’s global dairy auction in New Zealand.

    Commentary –

    • The New Zealand dollar recovered on a weaker dollar and the best performer of the week so far. Active Call - Sell kiwi targeting 0.62 area.

     USD/CAD –

    Trading at 1.304

    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 –

    • Wholesale sales down 0.8 percent in June.

    Commentary –

    • Loonie is focused on looming NAFTA deal with the United States. The worst performer of the week.
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