TRADING
TIPS :
USD/CAD hit 1.0752 during European afternoon
trade, the pair’s highest since July 18; the pair subsequently
consolidated at 1.0748, adding 0.11%. The pair was likely to find
support at 1.0709, the low of July 18 and resistance at 1.0794, the
high of June 16. Investors remained cautious after the downing of a
Malaysian airliner in eastern Ukraine last week and ongoing fighting
in Gaza continued to dominate market attention.
INTRADAY OUTLOOK
Support: 1.7060
Resistance: 1.7095
RECOMMENDATION:
1. Buy GBP/USD Above 1.7095- TG: 1.7115/ 1.7145 SL 1.7065
2. Sell GBP/USD Below 1.7060- TG: 1.7040/ 1.7010 SL 1.7090
INTRADAY OUTLOOK
Support: 1.7060
Resistance: 1.7095
RECOMMENDATION:
1. Buy GBP/USD Above 1.7095- TG: 1.7115/ 1.7145 SL 1.7065
2. Sell GBP/USD Below 1.7060- TG: 1.7040/ 1.7010 SL 1.7090
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