AUD/USD hit 0.9371 during late Asian trade, the pair’s lowest since July 10; the pair subsequently consolidated at 0.9369, shedding 0.24%. The pair was likely to find support at 0.9342, the low of July 7 and resistance at 0.9456, the high of July 10. In the minutes of its July policy meeting, the RBA reiterated that it expects a period of stable interest rates as they “are working to support demand.”
INTRADAY OUTLOOK
Support: 1.7150
Resistance: 1.7175
RECOMMENDATION:
1. Buy GBP/USD Above 1.7175- TG: 1.7195/ 1.7235 SL 1.7145
2. Sell GBP/USD Below 1.7150- TG: 1.7130/ 1.7100 SL 1.7180
INTRADAY OUTLOOK
Immediate Support: 1.3585
Immediate Resistance: 1.3630
RECOMMENDATION:
1. Buy EUR/USD Above 1.3630- TG: 1.3650/1.3680 SL 1.3600
2. Sell EUR/USD Below 1.3585- TG: 1.3565/1.3535 SL 1.3615
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