NZD/USD dipped 0.10% to 0.8316, not far from the six month trough of 0.8286 struck on Wednesday.The pair was likely to find support at around 0.8286 and resistance at the 0.8350 level.The New Zealand dollar ended Wednesday’s session slightly higher against the greenback as hopes that a resolution to end the conflict in Ukraine could be reached buoyed investor sentiment.Demand for the greenback continued to be underpinned by expectations that the Federal Reserve is growing closer to raising interest rates as recent upbeat economic reports indicated that the U.S. recovery is deepening.
Support: 0.8305
Resistance: 0.8375
RECOMMENDATION:
1. Buy NZD/USD Above 0.8377-TG: 0.8397/0.8437 SL 0.8347
2. Sell NZD/USD Below 0.8303-TG: 0.8283/0.8253 SL 0.8333
1. Buy NZD/USD Above 0.8377-TG: 0.8397/0.8437 SL 0.8347
2. Sell NZD/USD Below 0.8303-TG: 0.8283/0.8253 SL 0.8333
INTRADAY OUTLOOK
Immediate Support:1.6420
Immediate Resistance:1.6465
RECOMMENDATION:
1. Buy GBP/USD Above 1.6467 -TG:1.6487/1.6517 SL 1.6437
2. Sell GBP/USD Below 1.6418- TG:1.6398/1.6368 SL 1.6448
Immediate Support:1.6420
Immediate Resistance:1.6465
RECOMMENDATION:
1. Buy GBP/USD Above 1.6467 -TG:1.6487/1.6517 SL 1.6437
2. Sell GBP/USD Below 1.6418- TG:1.6398/1.6368 SL 1.6448
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