Trading Tips:NZD/USD
NZD/USD hit 0.7042 during late Asian trade, the session low; the pair subsequently consolidated at 0.7052, up 0.13%. The New Zealand dollar edged up against its U.S. counterpart on Monday, but remained within close distance of Friday’s four-and-a-half year trough as upbeat U.S. employment data continued to support demand for the greenback. The pair was likely to find support at 0.7023, Friday’s low and resistance at 0.7152, Friday’s high. The greenback strengthened broadly after the Labor Department reported on Friday that the U.S. economy added 280,000 jobs in May, ahead of economists forecast for 220,000. The unemployment rate ticked up to 5.5% from 5.4% in the previous month.
RECOMMENDATION :
BUY GBP/USD ABOVE 1.5400 TARGET 1.5420 1.5450 SL 1.5370
SELL GBP/USD BELOW 1.5330 TARGET 1.5310 1.5280 SL 1.5360
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