TRADING
TIPS :
USD/CHF hit 0.9101 during European late morning
trade, the pair’s highest since August 7; the pair subsequently
consolidated at 0.9097, rising 0.33%.The pair was likely to find
support at 0.9056, Monday’s low and resistance at 0.9156.Risk
sentiment was hit after Iraq on Monday named Haidar al-Abadi as the
new prime minister to end the eight-year rule of Nuri al-Maliki, but
Maliki has refused to go and deployed special forces in Baghdad. In
Ukraine, a Russian convoy of 280 trucks carrying humanitarian aid set
off on Tuesday amid Western warnings against using help as a pretext
for an invasion.The Swissie was steady against the euro, with EUR/CHF
inching up 0.05% to 1.2141.
INTRADAY
OUTLOOK
Support:
0.9078
Resistance:
0.9133
RECOMMENDATION:
1.
Buy USD/CHF Above 0.9135: TG: 0.9150/0.9170 SL 0.9115
2.
Sell USD/CHF Below 0.9076 TG: 0.9061/0.9041 SL 0.9196
INTRADAY
OUTLOOK
Support:
1.6742
Resistance:
1.6814
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6816 TG: 1.6831/ 1.6851 SL 1.6796
2.
Sell GBP/USD Below 1.6740 TG: 1.6725/1.6705 SL 1.6760
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