KLSE IForex Recommendations : Epic Research Malaysia

TRADING TIPS :

NZD/USD hit 0.8288 during late Asian trade, the pair’s lowest since February; the pair subsequently consolidated at 0.8314, easing 0.03%.The pair was likely to find support at 0.8052 and resistance at 0.8390, Tuesday’s high. The greenback remained supported after the Institute of Supply Management reported on Tuesday that its manufacturing index jumped to 59 in August, the most since March 2011, while data firm Markit said its manufacturing index rose to 57.9, up from 55.8 in July.Investors were looking ahead to the latest U.S. Employment report, due for release on Friday, for further indications on the strength of the recovery in the labor market, a key factor in deciding the future path of monetary policy.

INTRADAY OUTLOOK
Support: 0.8274
Resistance: 0.8330

RECOMMENDATION:
1. Buy NZD/USD Above 0.8332-TG: 0.8352/0.8382 SL 0.8302
2. Sell NZD/USD Below 0.8273-TG: 0.8253/0.8223 SL 0.8303

INTRADAY OUTLOOK
Immediate Support:1.6421
Immediate Resistance:1.6505

RECOMMENDATION:
1. Buy GBP/USD Above 1.6507 -TG:1.6527/1.6557 SL 1.6477
2. Sell GBP/USD Below 1.6419- TG:1.6399/1.6369 SL 1.6449

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