KLSE IForex Recommendations : Epic Research Malaysia

TRADING TIPS :

USD/CAD touched highs of 1.0748, the most since June 25 and was last at 1.0730, unchanged for the day. The pair was likely to find support at around the 1.0700 level and resistance at 1.0775. The Canadian dollar weakened broadly on Friday after data showed that the country’s economy unexpectedly shed jobs in June. Statistics Canada reported that the economy lost 9,400 jobs last month, compared to expectations for jobs growth of 20,000. The Canadian unemployment rate ticked up to 7.1% from 7.0% in May, against expectations of an unchanged reading.

INTRADAY OUTLOOK
Support: 1.7060
Resistance: 1.7095

RECOMMENDATION:
1. Buy GBP/USD Above 1.7095- TG: 1.7125/ 1.7155 SL 1.7065
2. Sell GBP/USD Below 1.7060- TG: 1.7040/ 1.7010 SL 1.7090

INTRADAY OUTLOOK
Immediate Support: 1.3615
Immediate Resistance: 1.3640

RECOMMENDATION:

1. Buy EUR/USD Above 1.3640- TG: 1.3660/1.3690 SL 1.3610
2. Sell EUR/USD Below 1.3615- TG: 1.3595/1.3565 SL 1.3645

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