Trade ideas for AUDUSD, GBPUSD and USDCHF

USD/CHF @ 0.9645/48...Chances of some upmove, buy now and on dips

R: 0.9650 / 0.9680-90 / 0.9750
S: 0.9539-20 / 0.9467-50 / 0.9392

We continue to hold our morning view on the pair today.

Morning comments:
Dollar-Swiss touched a low of 0.9541 in the US session yesterday followed by an upmove beyond 0.9600 today. In the coming sessions over today sand tomorrow, we expect the pair to trade strong in the region of 0.9600-700 or even 0.9800, where it may be worth selling for another dip towards 0.9500 later in the week. Though, in the interim, we may buy some at current levels and add-on dips for a rally towards 0.9650-700 over today and tomorrow.

GBP-USD @ 1.5756/59... May fall

R: 1.5900-25 / 1.5967 / 1.6013
S: 1.5750-40 / 1.5675 / 1.5635

As expected, Cable fell further and is currently trading just below 1.5750. In the coming sessions over today and tomorrow, we may see some Support on he pair near current levels, which may hold for some time followed by another dip towards 1.57-56 towards the end of the week.

Follow us

Holding:
GBP 10K Short at 1.5844, TSL 1.5764 (down from 1.5925), TP 1.5724

Limit Sell Order:
Sell GBP 10K at 1.5820, SL 1.5910, TP 1.5700

AUD/USD @ 0.9798/801...May see some upmove

R: 0.9850 / 0.9910-30 / 1.00
S: 0.9750 / 0.9670-50 / 0.9575

Aussie moved up to touch a high of 0.9902 in the European session followed by a dip below 0.98 figure. The pair has seen a steep fall and we do not see much downmove on the pair today. We may see the pair go down towards 0.9775-50, followed by an upmove towards 0.9850-900 in a couple of days.

Market Trade:
Buy AUD 10K at Current levels, SL 0.9750, TP 0.9900
Happy Trading!

This report has been prepared by Kshitij Consultancy Service. For more, go to Kshitij Consultancy Service

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EUR/USD Weekly Outlook

EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week.