TRADING
TIPS :
USD/CHF hit 0.9078 during European
early afternoon trade, the pair’s highest since August 14; the pair
subsequently consolidated at 0.9069, inching up 0.04%.The pair was
likely to find support at 0.9024, the low of August 15 and resistance
at 0.9098, the high of August 13.The dollar remained supported after
a report on Monday showed that U.S. home builder sentiment rose
unexpectedly in August, signalling underlying strength in the housing
market.The NAHB/Wells Fargo Housing Market index hit a seven-month
high of 55, compared to expectations of an unchanged reading.
INTRADAY
OUTLOOK
Support:
0.9036
Resistance:
0.9098
RECOMMENDATION:
1.
Buy USD/CHF Above 0.9101-TG:0.9121/0.9151 SL 0.9071
2.
Sell USD/CHF Below 0.9034 -TG:0.9014/0.8984 SL 0.9064
INTRADAY
OUTLOOK
Immediate
Support: 0.8438
Immediate
Resistance: 0.8481
RECOMMENDATION:
1.
Buy NZD/USD Above 0.8483- TG: 0.8503/0.8533 SL 0.8453
2.
Sell NZD/USD Below 0.8436 - TG: 0.8416/0.8386 SL 0.8466
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