TRADING
TIPS :
NZD/USD hit 0.7298 during late Asian
trade, the session low; the pair subsequently consolidated at 0.7294,
edging down 0.21%.The New Zealand dollar slipped against its U.S.
counterpart on Tuesday, moving close to a two-month low even after
data showed that New Zealand’s trade surplus narrowed less than
expected last month. 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.In a
report, Statistics New Zealand said that the country’s trade
surplus narrowed to NZ$123 million in April from NZ$754 million in
March, whose figure was revised from a previously estimated surplus
of NZ$631 million.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5430 TARGET 1.5450 1.5480 SL 1.5400
SELL
GBPUSD BELOW 1.5350 TARGET 1.5330 1.5300 SL 1.5380
RECOMMENDATION:
BUY
EURUSD ABOVE 1.0930 TARGET 1.0950 1.0980 SL 1.0900
SELL
EURUSD BELOW 1.0860 TARGET 1.0840 1.0810 SL 1.0890
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