During today's trading, we will not be trading
on any of the British pound pairs in anticipation of sharp moves due to the
expected British vote. Following the markets we found five safe trading
opportunities for daily trading as follows
Australian vs. Canadian Analysis of Daily
Trading
The pair is currently trading above the 15-day
average with a positive RSI and a clear recovery from the oversold condition
that the pair has faced as concerns over the extension of OPEC's cut production
agreement.
During intraday trading we notice strong
support for the pair at 0.9400 zones while the initial resistance at 0.94510
and the second resistance at 0.9481
Trading Recommendation
Buy the pair from 0.94305
Stop loss 0.93757
Take the first profit 0.94510
Make the second profit for the remaining
contracts at 0.9481
Analysis of the Australian dollar against the
US dollar for daily trading
The pair is currently trading from yesterday's
sell-off but started to show a clear positive signal on the RSI with the pair
having the highest daily support at 0.7055 and targeting the initial resistance
area of 0.7095 which makes our outlook positive for the pair today.
Trading Recommendation
Buy the pair from 0.70745
Stop loss 0.70450
Take Profit 0.70955
Analysis of the Australian versus Japanese Yen
for daily trading
The pair is currently trading above the 15-day
averages with a clear positive on the RSI and its highest support area 78.75
targeting the initial resistance area 79.10
Trading Recommendation
Buy the pair from 78.95
Stop Loss 78.406
Make a profit 79.117
NZD / JPY Analysis of Daily Trading
The pair is trading at 76.25 areas, trying to
turn the last decline into a correction wave to re-target the main resistance
areas which declined during yesterday's trading at 76.58 based on the first
support at 76.13 while the strongest support at 75.30
Trading Recommendation
Buy the pair from the current areas 76.26
Stop Loss 75.71
Take Profit 76.48
NZD / USD Technical Analysis |
The pair is currently trading at 0.68351 in an
attempt to confirm the retest of the initial resistance area 0.6859 and end the
downtrend we encountered during the Asian session based on strong support at
0.6779 with a limited positive on the RSI
Trading Recommendation
Buy the pair from the current areas 0.68351
Stop loss 0.67793
Take Profit 0.68568
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