TRADING TIPS :
USD/CAD touched highs of 1.0827, the most since June 19 and was last up 0.16% to 1.0816. The pair was likely to find support at 1.0737, Friday’s low and resistance at the 1.0850 level. Demand for the dollar continued to be underpinned ahead of preliminary data on U.S. second-quarter growth and the Federal Reserve’s latest rate statement, both due on Wednesday. Investors were also awaiting the July employment report on Friday.
INTRADAY OUTLOOK
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USD/CAD touched highs of 1.0827, the most since June 19 and was last up 0.16% to 1.0816. The pair was likely to find support at 1.0737, Friday’s low and resistance at the 1.0850 level. Demand for the dollar continued to be underpinned ahead of preliminary data on U.S. second-quarter growth and the Federal Reserve’s latest rate statement, both due on Wednesday. Investors were also awaiting the July employment report on Friday.
INTRADAY OUTLOOK
Support:
1.6930
Resistance:
1.6955
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6955- TG: 1.6975/ 1.7005 SL 1.6925
2.
Sell GBP/USD Below 1.6930- TG: 1.6910/ 1.6880 SL 1.6960
INTRADAY
OUTLOOK
Immediate
Support: 1.3410
Immediate
Resistance: 1.3440
RECOMMENDATION:
1.
Buy EUR/USD Above 1.3440- TG: 1.3460/1.3490 SL 1.3410
2.
Sell EUR/USD Below 1.3410- TG: 1.3390/1.3360 SL 1.3440
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