AUD/USD hit 0.9330 during late Asian trade, the pair’s lowest since July 3; the pair subsequently consolidated at 0.9343, shedding 0.29%. The pair was likely to find support at 0.9258, the low of June 5 and resistance at 0.9402, Tuesday’s high. The greenback remained supported after Ms. Yellen on Tuesday said interest rates could rise sooner if the labor market was to improve more quickly than expected. However, the Fed chair also said that if the economic recovery disappoints monetary policy would remain accommodate.
INTRADAY OUTLOOK
Support: 1.7115
Resistance: 1.7150
RECOMMENDATION:
1. Buy GBP/USD Above 1.7150- TG: 1.7170/ 1.7210 SL 1.7120
2. Sell GBP/USD Below 1.7115- TG: 1.7095/ 1.7065 SL 1.7145
INTRADAY OUTLOOK
Immediate Support: 1.3515
Immediate Resistance: 1.3550
RECOMMENDATION:
1. Buy EUR/USD Above 1.3550- TG: 1.3570/1.3600 SL 1.3520
2. Sell EUR/USD Below 1.3515- TG: 1.3495/1.3465 SL 1.3545
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
No comments:
Post a Comment