TRADING
TIPS :
USD/CAD touched highs of 1.0748, the most since
June 25 and was last at 1.0730, unchanged for the day. The pair was
likely to find support at around the 1.0700 level and resistance at
1.0775. The Canadian dollar weakened broadly on Friday after data
showed that the country’s economy unexpectedly shed jobs in June.
Statistics Canada reported that the economy lost 9,400 jobs last
month, compared to expectations for jobs growth of 20,000. The
Canadian unemployment rate ticked up to 7.1% from 7.0% in May,
against expectations of an unchanged reading.
INTRADAY
OUTLOOK
Support:
1.7060
Resistance:
1.7095
RECOMMENDATION:
1.
Buy GBP/USD Above 1.7095- TG: 1.7125/ 1.7155 SL 1.7065
2.
Sell GBP/USD Below 1.7060- TG: 1.7040/ 1.7010 SL 1.7090
INTRADAY
OUTLOOK
Immediate
Support: 1.3615
Immediate
Resistance: 1.3640
RECOMMENDATION:
1.
Buy EUR/USD Above 1.3640- TG: 1.3660/1.3690 SL 1.3610
2.
Sell EUR/USD Below 1.3615- TG: 1.3595/1.3565 SL 1.3645
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