Sgx IForex Recommendations : Epic Research Singapore

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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