Afternoon market update:
Key points from today's currency call were focused on the NZDUSD and AUDUSD both short biased given the recent bounces. NZDUSD is a possible sell trade if it can break through the 0.7013 support level entry can be at 0.7000 with a 25 pip stop and 50 pip TP. For the AUDUSD if price can break through the 0.7500 level this can be a potential sell trade with a 25 pip stop and 50 pip TP. The next major news event is the RBA rate statement at 12:30 GMT+8 tomorrow afternoon then the RBA Governor Lowe Speaking look for anything in regards to reducing the asset purchasing program. For the US the ISM Non Manufacturing PMI for June will be released at 22:00 GMT+8 tomorrow with 63.5 the expectation.
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