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2. INTERNATIONAL CURRENCY BUZZ
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Forex - Pound hits session lows after U.K. services PMI slows
Forex - AUD/USD drops to 1-week lows on RBA remarks, data
Forex - NZD/USD edges lower, eyes on U.S. data
GBP/USD
GBP/USD slipped 0.13% to 1.7143 from around 1.7154 ahead of the release of the data.
Cable was likely to find support at 1.7125 and resistance at 1.7175, Wednesday’s high and the most since October
2008.The Markit U.K. services purchasing managers’ index slowed to 57.7 in June from 58.6 in May, and below
forecasts of 58.3.
AUD/USD
AUD/USD hit 0.9372 during late Asian trade, the pair's lowest since June 25; the pair subsequently consolidated at
0.9369, retreating 0.79%.
The pair was likely to find support at 0.9323, the low of June 18 and resistance at 0.9441, the high of June 27.
NZD/USD
NZD/USD hit 0.8746 during late Asian trade, the pair's lowest since June 30; the pair subsequently consolidated at
0.8759, edging down 0.15%.
The pair was likely to find support at 0.8728, the low of June 30 and resistance at 0.8794.
4. EPIC'S ANALYST SPEAKS
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GBP/USD Hourly Chart
INTRADAY OUTLOOK
Support: 1.7120
Resistance: 1.7150
RECOMMENDATION:
1. Buy GBP/USD Above 1.7150- TG: 1.7180/ 1.7210 SL 1.7120
2. Sell GBP/USD Below 1.7120- TG: 1.7090/ 1.7050 SL 1.7150
5. EPIC'S ANALYST SPEAKS
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EUR/USD Hourly Chart
INTRADAY OUTLOOK
Immediate Support: 1.3620
Immediate Resistance: 1.3660
RECOMMENDATION:
1. Buy EUR/USD Above 1.3660- TG: 1.3690/1.3730 SL 1.3630
2. Sell EUR/USD Below 1.3620- TG: 1.3590/1.3550 SL 1.3660
6. DISCLAIMER
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