Quarterly Outlook
Macro Outlook: The US rate cut cycle has begun
Peter Garnry
Chief Investment Strategist
Solutions 30 - Short Term - We look to Buy a break of 7.49 (stop at 7.18)
Trading within the Channel formation. Bespoke resistance is located at 7.20. A move through bespoke resistance at 7.20 and we look for extended gains. 20 1day EMA is at 6.92. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 7.20, which will confirm the bullish sentiment.
Our profit targets will be 8.38 and 9.27
Resistance: 7.20 / 8.20 / 9.50
Support: 6.70 / 6.30 / 5.00
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