USD/CHF hit 0.9119 during European late morning trade, the session low; the pair subsequently consolidated at 0.9127, easing 0.09%.The pair was likely to find support at 0.9138, Wednesday’s low and resistance at 0.9156. The dollar remained broadly supported after Wednesday’s minutes of the Fed’s July meeting showed that some officials believe the strengthening recovery and ongoing improvement in the labor market supports a move towards tightening monetary policy.Other officials want to see further evidence of economic recovery before moving towards raising rates.
INTRADAY OUTLOOK
Support: 0.9093
Resistance: 0.9151
RECOMMENDATION:
1. Buy USD/CHF Above 0.9153 -TG:0.9173/0.9203 SL 0.9123
2. Sell USD/CHF Below 0.9091 -TG: 0.9071/0.9041 SL 0.9121
INTRADAY OUTLOOK
Immediate Support: 1.6539
Immediate Resistance: 1.6612
RECOMMENDATION:
1. Buy GBP/USD Above 1.6615 -TG: 1.6635/1.6665 SL 1.6585
2. Sell GBP/USD Below 1.6535 -TG:1.6515/1.6485 SL 1.6565
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