TRADING
TIPS :
NZD/USD dipped 0.10% to 0.8316, not far
from the six month trough of 0.8286 struck on Wednesday.The pair was
likely to find support at around 0.8286 and resistance at the 0.8350
level.The New Zealand dollar ended Wednesday’s session slightly
higher against the greenback as hopes that a resolution to end the
conflict in Ukraine could be reached buoyed investor sentiment.Demand
for the greenback continued to be underpinned by expectations that
the Federal Reserve is growing closer to raising interest rates as
recent upbeat economic reports indicated that the U.S. recovery is
deepening.
INTRADAY
OUTLOOK
Support:
0.8305
Resistance:
0.8375
RECOMMENDATION:
1.
Buy NZD/USD Above 0.8377-TG: 0.8397/0.8437 SL 0.8347
2.
Sell NZD/USD Below 0.8303-TG: 0.8283/0.8253 SL 0.8333
INTRADAY
OUTLOOK
Immediate
Support:1.6420
Immediate
Resistance:1.6465
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6467 -TG:1.6487/1.6517 SL 1.6437
2.
Sell GBP/USD Below 1.6418- TG:1.6398/1.6368 SL 1.6448
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