KLSE IForex Recommendations : Epic Research Malaysia

Trading Tips:
New Zealand dollar was higher against its U.S. counterpart on Tuesday, but gains were expected to remain limited as investors turned their attention to the Federal Reserve’s policy meeting this month amid heightened expectations for a rate hike. NZD/USD hit 0.6390 during late Asian trade, the session high; the pair subsequently consolidated at 0.6371, up 0.50%.The pair was likely to find support at 0.6316, Monday’s low and resistance at 0.6481, Monday’s high. The greenback had found support after Fed Vice Chairman Stanley Fischer said Friday it was still too early to decide whether to raise interest rates from near zero at the bank’s September meeting. Market participants were looking ahead to the release of U.S. manufacturing data due later in the day, for further indications on the strength of the economy and the possibility of a rate hike this month.

RECOMMENDATION :
BUY GBP/USD ABOVE 1.5340 TARGET 1.5360 1.5390 SL 1.5310
SELL GBP/USD BELOW 1.5290 TARGET 1.5270 1.5240 SL 1.5320

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