TRADING
TIPS :
NZD/USD hit 0.8503 during late Asian trade, the
session low; the pair subsequently consolidated at 0.8506, sipping
0.09%.The pair was likely to find support at 0.8462, the low of
August 1 and resistance at 0.8557, the high of July 29.On Friday,
official data showed that the U.S. economy added 209,000 jobs in
July, below forecasts for jobs growth of 233,000. The previous
month’s figure was revised up to a gain of 298,000 from a
previously reported increase of 288,000.A separate report showed that
job advertisements in Australia rose 0.3% in July, after a 4.4%
increase in May, whose figure was revised up from a previously
estimated 4.3% gain.
INTRADAY
OUTLOOK
Support:
0.8480
Resistance:
0.8528
RECOMMENDATION:
1.
Buy NZD/USD Above 0.8530 TG: 0.8545/ 0.8565 SL 0.8510
2.
Sell NZD/USD Below 0.8575 TG: 0.8560/0.840 SL 0.8595
INTRADAY
OUTLOOK
Support:
1.6805
Resistance:
1.6845
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6850 TG: 1.6865/ 1.6885 SL 1.6830
2.
Sell GBP/USD Below 1.6800- TG: 1.6785/1.6765 SL 1.6820
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