TRADING
TIPS :
NZD/USD hit 0.7293 during late Asian
trade, the pair’s lowest since May 21; the pair subsequently
consolidated at 0.7311.The New Zealand dollar was little changed
against its U.S. counterpart on Monday, trading within close distance
of a two-month trough as Federal Reserve Chair Janet Yellen’s most
recent remarks supported the greenback. The pair was likely to find
support at 0.7272, the low of March 18 and resistance at 0.7357, the
high of May 21.The greenback strengthened after Fed Chair Janet
Yellen said on Friday that interest rates will be raised later in th
year.After that, future rate hikes will be small and gradual over the
next several years, Yellen added.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5520 TARGET 1.5540 1.5570 SL 1.5490
SELL
GBPUSD BELOW 1.5390 TARGET 1.5370 1.5340 SL 1.5420
RECOMMENDATION:
BUY
EURUSD ABOVE 1.0990 TARGET 1.1010 1.1040 SL 1.0960
SELL
EURUSD BELOW 1.0910 TARGET 1.0890 1.0860 SL 1.0940
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