TRADING
TIPS :
The Australian dollar slipped lower
against its U.S. counterpart on Monday, as the greenback continued to
recover from the Federal Reserve’s decision not to raise interest
rates this month.AUD/USD hit 0.7163 during late Asian trade, the
session low; the pair subsequently consolidated at 0.7167, shedding
0.28%.The pair was likely to find support at 0.7120, the low of
September 16 and resistance at 0.7282, Friday’s high.The greenback
regained strength after the U.S. central bank left short-term
interest rates unchanged last Thursday, amid concerns over soft
inflation and the effects of recent market volatility on the U.S.
economy.
RECOMMENDATION:
BUY
GBPUSD ABOVE 1.5530 TARGET 1.5550 1.15580 SL 1.5500
SELL
GBPUSD BELOW 1.5500 TARGET 1.5480 1.5450 SL 1.5530
RECOMMENDATION:
BUY
EURUSD ABOVE 1.1210 TARGET 1.1230 1.1260 SL 1.1180
SELL
EURUSD BELOW 1.1180 TARGET 1.1160 1.1130 SL 1.1210
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