Currency snapshot (commodity pairs)

13 September 2016, 00:54
Eko Rediantoro
0
24

Dollar index trading at 95.29 (+0.02%)

Strength meter (today so far) – Aussie -0.16%, Kiwi -0.08%, Loonie -0.62%

Strength meter (since last week) – Aussie -0.16%, Kiwi -0.08%, Loonie -0.62%

AUD/USD –

Trading at 0.752

Trend meter –

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

Support –

  • Long term – 0.683, Medium term – 0.72, Short term – 0.73

Resistance –

  • Long term – 0.782, Medium term – 0.765, Short term – 0.765

Economic release today –

  • RBA’s Kent is scheduled to speak at 22:30 GMT.

Commentary –

  • The Australian dollar scaled back large portions of the gains since last week as risk aversion has hit markets. Active call – Buy AUD/USD at 0.752 and at dip with the stop loss at 0.71 and the target at 0.82

NZD/USD –

Trading at 0.731

Trend meter –

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

Support –

  • Long term – 0.66, Medium term – 0.69, Short term – 0.69

Resistance –

  • Long term – 0.8, Medium term – 0.76, Short term – 0.73

Economic release today –

  • Food price index for August will be released at 22:45 GMT.

Commentary –

  • The kiwi is marginally down, best performer among commodity peers. We expect kiwi to rise towards 0.81 area.

 USD/CAD –

Trading at 1.311

Trend meter –

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

Support –

  • Long term – 1.248, Medium term – 1.25 , Short term – 1.25

Resistance –

  • Long term – 1.34, Medium term – 1.325, Short term – 1.325

Economic release today –

  • NIL

Commentary –   

  • The Canadian dollar is the worst performer of the day as oil slides over risk aversion.


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