Sgx IForex Recommendations : Epic Research Singapore

TRADING TIPS :

NZD/USD hit 0.8342 during late Asian trade, the pair’s lowest since August 27; the pair subsequently consolidated at 0.8346, shedding 0.36%.The pair was likely to find support at 0.8311, the low of August 26 and a six-month low and resistance at 0.8407, the high of August 28.Investors continued to monitor developments in Ukraine after European Union leaders threatened over the weekend to impose a new round of sanctions on Russia if Moscow does not scale back its involvement in the conflict in eastern Ukraine.The commodity-linked currency had come under some pressure on Monday, after data showed that factory growth in China slowed last month.

INTRADAY OUTLOOK

Support: 0.8305

Resistance: 0.8379

RECOMMENDATION:

1. Buy NZD/USD Above 0.8381-TG: 0.8401/0.8431 SL 0.8351

2. Sell NZD/USD Below 0.8303-TG: 0.8283/0.8253 SL 0.8333

INTRADAY OUTLOOK

Immediate Support:1.6497

Immediate Resistance:1.6566

RECOMMENDATION:

1. Buy GBP/USD Above 1.6568 -TG:1.6588/1.6618 SL 1.6538

2. Sell GBP/USD Below 1.6494- TG:1.6474/1.6444 SL 1.6524

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