• Currency snapshot (commodity pairs)

    Source: FxWire Pro - Commentary / 19 Sep 2018 10:55:28   America/New_York

    Dollar index trading at 94.66 (+0.06%)

    Strength meter (today so far) – Aussie +0.42%, Kiwi +0.26%, Loonie -0.07%

    Strength meter (since last week) – Aussie +1.53%, Kiwi +0.98%, Loonie +0.34%

    AUD/USD –

    Trading at 0.725

    Trend meter –

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

    Support –

    • Long term – 0.67, Medium term – 0.7, Short term – 0.72 (testing)

    Resistance –

    • Long term – 0.825, Medium term – 0.79, Short term – 0.75

    Economic release today –

    • NIL

    Commentary –

    • The Australian dollar is up this week against a weaker USD. However, bias remains to the downside.

    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 – 0.65

    Resistance –

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

    Economic release today –

    • Q2 GDP report will be released at 22:45 GMT.

    Commentary –

    • The New Zealand dollar is up on a weaker dollar, despite emerging markets trouble. Active Call - Sell kiwi targeting 0.59 area.

     USD/CAD –

    Trading at 1.298

    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 (testing)

    Resistance –

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

    Economic release today –

    • NIL

    Commentary –

    • Loonie is the worst performer of the week on trade tensions. Active Call - Sell USD/CAD at 1.314 targeting 1.25 area.
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