TRADING
TIPS :
The New Zealand dollar slipped lower
against its U.S. counterpart on Wednesday, as markets were still
jittery after the announcement of Greece’s latest bailout deal,
although a strong economic growth report lent some support. NZD/USD
hit 0.6693 during late Asian trade, the session low; the pair
subsequently consolidated at 0.6699, edging down 0.18%. Sentiment had
found support after euro zone leaders reached a unanimous agreement
on a third bailout deal for Greece on Monday, following marathon
weekend-long talks. But investors remained cautious as Greece’s
government on Tuesday submitted the bailout terms demanded by
eurozone creditors to parliament and as Prime Minister Alexis Tsipras
battled for support for the reforms from his ruling anti-austerity
Syriza party.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5640 TARGET 1.5660 1.5690 SL 1.5610
SELL
GBPUSD BELOW 1.5605 TARGET 1.5585 1.5555 SL 1.5635
RECOMMENDATION:
BUY
EURUSD ABOVE 1.0940 TARGET 1.0960 1.0990 SL 1.0910
SELL
EURUSD BELOW 1.0920 TARGET 1.0900 1.0870 SL 1.0950
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