TRADING
TIPS :
USD/CAD was down 0.03% at 1.0858, up
from a session low of 1.0811 and off a high of 1.0863. The pair was
likely to find support at 1.0797, the low from July 29, and
resistance at 1.0998, the high from Aug. 25.In the U.S. earlier, the
Thomson Reuters/University of Michigan revised consumer sentiment
index came in at 82.5 this month, up from a preliminary reading of
79.2 and exceeding expectations for a reading of 80.1.Data revealed
that the Chicago-area purchasing managers’ index rose to 64.3 in
August from 52.6 in July, beating expectations for an increase to
56.0.
INTRADAY
OUTLOOK
Support:
1.0793
Resistance:
1.0902
RECOMMENDATION:
1.
Buy USD/CAD Above 1.0905-TG: 1.0925/1.0955 SL 1.0875
2.
Sell USD/CAD Below 1.0790-TG: 1.0770/1.0740 SL 1.0760
INTRADAY
OUTLOOK
Immediate
Support:1.6515
Immediate
Resistance:1.6632
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6635 -TG: 1.6655/1.6685 SL 1.6605
2.
Sell GBP/USD Below 1.6513- TG:1.6493/1.6463 SL 1.6543
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