Trade ideas for AUDUSD, GBPUSD and USDCHF

November 8, 2010 6:13 PM GMT

 
Swiss USD-CHF @ 0.9674/77...Sell Rallies

R: 0.9704 / 0.9750 / 0.9825
S: 0.9600 / 0.9550 / 0.9477

Dollar-Swiss has seen some more upmove since our morning comments today and we still continue to hold our morning view on the pair today.

Morning Comments:
Dollar-Swiss touched a high of 0.9670 this morning and may see some more upside towards 0.97 in the coming sessions today. We may see the upside on the pair capped near 0.9700-50 followed by some dip towards 0.9650-00 in the US session today.

Cable GBP-USD @ 1.6123/26...Chances of some fall

R: 1.6200 / 1.6250 / 1.6307
S: 1.6100 / 1.6000 / 1.5967

Cable dipped a little in the European session today and we continue to hold our morning views on the pair today.

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Morning Comments:
Cable touched a high of 1.6213 in the Asian session today followed by a dip below 1.6150. The pair is currently trading below the suggested max low for the day (1.6152) and a failure to recover above 1.6150 may see the pair fall towards 1.6000 in the coming sessions over today and tomorrow. However, a recovery above 1.6150 may see it move up towards 1.6200-30 in the US session today.

Aussie AUD-USD @ 1.0097/100...May dip further

R: 1.0180 / 1.0225 / 1.0300
S: 1.0036 / 1.0000

As expected, Aussie dipped further in the European session today to touch a low of 1.0078 followed by some upmove above 1.0100. In the coming sessions over today and tomorrow, the pair may see some more dip on the pair below 1.0050 from where we may see some pull back above 1.0100. The Suggested max low for the day 1.0036.
Happy Trading!

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