TRADING TIPS :
NZD/USD hit 0.8424 during late Asian trade, the pair’s lowest since June 4; the pair subsequently consolidated at 0.8439, declining 0.34%.The pair was likely to find support at 0.8402, the low of June 4 and resistance at 0.8492, the high of June 2.Official data earlier showed that the number of employed people in New Zealand rose 0.4% in the second quarter, confounding expectations for an increase of 0.7%, after a 0.9% rise in the three months to April.The report also showed that New Zealand’s unemployment rate ticked down to 5.6% in the last quarter, from 6.0% in the first quarter, compared to expectations for a decline to 5.8%.
INTRADAY OUTLOOK
Support: 0.8394
Resistance: 0.8477
RECOMMENDATION:
1. Buy NZD/USD Above 0.8483 TG: 0.8498/ 0.8518 SL 0.8463
2. Sell NZD/USD Below 0.8390 TG: 0.8375/0.8355 SL 0.8410
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NZD/USD hit 0.8424 during late Asian trade, the pair’s lowest since June 4; the pair subsequently consolidated at 0.8439, declining 0.34%.The pair was likely to find support at 0.8402, the low of June 4 and resistance at 0.8492, the high of June 2.Official data earlier showed that the number of employed people in New Zealand rose 0.4% in the second quarter, confounding expectations for an increase of 0.7%, after a 0.9% rise in the three months to April.The report also showed that New Zealand’s unemployment rate ticked down to 5.6% in the last quarter, from 6.0% in the first quarter, compared to expectations for a decline to 5.8%.
INTRADAY OUTLOOK
Support: 0.8394
Resistance: 0.8477
RECOMMENDATION:
1. Buy NZD/USD Above 0.8483 TG: 0.8498/ 0.8518 SL 0.8463
2. Sell NZD/USD Below 0.8390 TG: 0.8375/0.8355 SL 0.8410
INTRADAY OUTLOOK
Support: 1.6805
Resistance: 1.6864
RECOMMENDATION:
1. Buy GBP/USD Above 1.6870 TG: 1.6885/ 1.6905 SL 1.6855
2. Sell GBP/USD Below 1.6800- TG: 1.6785/1.6765 SL 1.6815
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