This document is a research report from Epic Research that includes analysis of currency pairs NZD/USD and GBP/USD. It provides recent price levels and intraday outlook for each pair with support and resistance levels. Recommendations are given to buy or sell each pair above or below certain price levels with target prices and stop losses provided. The report also includes disclaimers about the nature of the analysis and recommendations.
2. INTERNATIONAL CURRENCY BUZZ
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NZD/USD
NZD/USD hit 0.8424 during late Asian trade, the pair's lowest since June 4; the pair subsequently consolidated at
0.8439, declining 0.34%.The pair was likely to find support at 0.8402, the low of June 4 and resistance at 0.8492,
the high of June 2.Official data earlier showed that the number of employed people in New Zealand rose 0.4% in
the second quarter, confounding expectations for an increase of 0.7%, after a 0.9% rise in the three months to
April.The report also showed that New Zealand's unemployment rate ticked down to 5.6% in the last quarter, from
6.0% in the first quarter, compared to expectations for a decline to 5.8%.
GBP/USD
GBP/USD hit 1.6830 during European morning trade, the pair's lowest since Monday; the pair subsequently
consolidated at 1.6836, shedding 0.30%.Cable was likely to find support at 1.6739, the low of June 11 and
resistance at 1.6927, the high of July 31.In a report, the Office for National Statistics said industrial production rose
0.3% in June, undershooting forecasts for a 0.6% gain, after falling 0.6% in May.Industrial output rose 1.2% year-
over-year, compared to expectations for an increase of 1.5%.Manufacturing production was up 0.3% in June, after
falling 1.3% in May. Economists had forecast an increase of 0.6%.Manufacturing output was 1.9% higher on a
year-over-year basis, falling short of forecasts for a 2.1% rise.Sterling was lower against the euro, with EUR/GBP
rising 0.23% to 0.7940.
4. EPIC'S ANALYST SPEAKS
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NZD/USD Hourly Chart
INTRADAY OUTLOOK
Support: 0.8394
Resistance: 0.8477
RECOMMENDATION:
1. Buy NZD/USD Above 0.8483 TG: 0.8498/ 0.8518 SL 0.8463
2. Sell NZD/USD Below 0.8390 TG: 0.8375/0.8355 SL 0.8410
5. EPIC'S ANALYST SPEAKS
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GBP/USD Hourly Chart
INTRADAY OUTLOOK
Support: 1.6805
Resistance: 1.6864
RECOMMENDATION:
1. Buy GBP/USD Above 1.6870 TG: 1.6885/ 1.6905 SL 1.6855
2. Sell GBP/USD Below 1.6800- TG: 1.6785/1.6765 SL 1.6815
6. DISCLAIMER
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