USD/CAD hit 1.0752 during European afternoon trade, the pair’s highest since July 18; the pair subsequently consolidated at 1.0748, adding 0.11%. The pair was likely to find support at 1.0709, the low of July 18 and resistance at 1.0794, the high of June 16. Investors remained cautious after the downing of a Malaysian airliner in eastern Ukraine last week and ongoing fighting in Gaza continued to dominate market attention.
INTRADAY OUTLOOK
Support: 1.7060
Resistance: 1.7095
RECOMMENDATION:
1. Buy GBP/USD Above 1.7095- TG: 1.7115/ 1.7145 SL 1.7065
2. Sell GBP/USD Below 1.7060- TG: 1.7040/ 1.7010 SL 1.7090
INTRADAY OUTLOOK
Immediate Support: 1.3510
Immediate Resistance: 1.3545
RECOMMENDATION:
1. Buy EUR/USD Above 1.3545- TG: 1.3565/1.3595 SL 1.3515
2. Sell EUR/USD Below 1.3510- TG: 1.3490/1.3460 SL 1.3540
1. Buy EUR/USD Above 1.3545- TG: 1.3565/1.3595 SL 1.3515
2. Sell EUR/USD Below 1.3510- TG: 1.3490/1.3460 SL 1.3540
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