TRADING
TIPS :
USD/CHF hit 0.9047 during European late
morning trade, the session high; the pair subsequently consolidated
at 0.9042, rising 0.20%.The pair was likely to find support at
0.8980, the low of July 22 and resistance at 0.9086, the high of
August 14.Market participants continued to focus on developments in
Ukraine following reports on Friday that the country’s military
attacked and destroyed a number of armored vehicles that entered the
country from Russia.Investors hoping that a meeting due to take place
between Russian and Ukraine’s foreign ministers later in the day
would result in a breakthrough to ease geopolitical tensions in the
region.
INTRADAY
OUTLOOK
Support:
0.8988
Resistance:
0.9066
RECOMMENDATION:
1.
Buy USD/CHF Above 0.9068-TG:0.9078/0.9108 SL 0.9038
2.
Sell USD/CHF Below 0.8986-TG:0.8966/0.8936 SL 0.9016
INTRADAY
OUTLOOK
Immediate
Support: 0.8466
Immediate
Resistance: 0.8537
RECOMMENDATION:
1.
Buy NZD/USD Above 0.8539- TG: 0.8559/0.8589 SL 0.8509
2.
Sell NZD/USD Below 0.8464- TG: 0.8444/0.8414 SL 0.8494
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