TRADING
TIPS :
NZD/USD hit 0.8377 during early
European trade, the session high; the pair subsequently consolidated
at 0.8383, rising 0.28%.The pair was likely to find support at
0.8332, the low of August 27 and resistance at 0.8407, the high of
Augst 28.Official data showed that New Zealand’s overseas trade
index rose by 0.3% in the second quarter, confounding expectations
for a 2.3% drop, after a 1.8% rise in the three months to April.
Elsewhere, data showed that China’s manufacturing purchasing
managers’ index ticked down to 51.1 in August, from a reading of
51.7 the previous month, still in expansion territory.
INTRADAY
OUTLOOK
Support:
0.8310
Resistance:
0.8414
RECOMMENDATION:
1.
Buy NZD/USD Above 0.8417-TG: 0.8437/0.8467 SL 0.8387
2.
Sell NZD/USD Below 0.8308-TG: 0.8288/0.8258 SL 0.8338
INTRADAY
OUTLOOK
Immediate
Support:1.6544
Immediate
Resistance:1.6667
RECOMMENDATION:
1.
Buy GBP/USD Above 1.6670 -TG: 1.6690/1.6720 SL 1.6640
2.
Sell GBP/USD Below 1.6541- TG:1.6521/1.6491 SL 1.6571
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