Bounced right at that key support at 1.4620 (rising uptrend from 17 Aug) yesterday and I expect higher levels today.


Res 31.4908

Res 21.4785

Res 11.4710

Sup 11.4620

Sup 21.4580

Sup 31.4530

Key resistance today1.4710

Key support today1.4620

Favoured strategy today:Bullish above 1.4620


Bounce nicely off the 2.0520 support yesterday and spiked higher after the UK PMI. Support at 2.0585 and 2.0520 now, with rising key uptrend 2.0487. On the upside the key resistance point to watch is 2.0830 and falling resistance coming in at 2.0750. Bullish above rising support at 2.0487 today and might be worth trying to buy in that region for another run higher.


Res 32.0894

Res 22.0844

Res 12.0770

Sup 12.0520

Sup 22.0475

Sup 32.0440

Key resistance today2.0750

Key support today2.0487

Favoured strategy today:Bullish above 2.0585


CHF is rebounding from last week’s weakness a bit over the last 24 hours on risk reduction theme. Next key resistance is falling trend line from 12th of October coming 1.1402 today. Also have reaction high from 8th of Nov at 1.1344 as resistance. 50% retracement of the 1.1894 – 1.0885 move is at 1.389, so any approach towards 1.1400 looks like a selling opportunity. Reaction high from Friday should cap upside near term (1.1330).


Res 31.1402

Res 21.1344

Res 11.1330

Sup 11.1160

Sup 21.1070

Sup 31.0855

Key resistance today1.1330

Key support today1.1160

Favoured strategy today:Bearish below 1.1330



Still same situation as Friday and I expect higher levels as stocks have been rebounding strongly over the last few sessions. Broke above the 109.20 level (falling resistance) last week and that opens for higher levels near term and a possible rally to 111.70 where the next resistance is located.


Res 3113.23

Res 2112.00

Res 1111.70

Sup 1109.46

Sup 2108.77

Sup 3107.20

Key resistance today111.70

Key support today109.64

Favoured strategy today:Bullish above 109.64


This pair has been very choppy over the last few days trading inside a 160.20 – 163.82 range and I prefer to trade this range from the long side buy on dips.


Res 3165.90

Res 2164.30

Res 1163.70

Sup 1161.50

Sup 2161.30

Sup 3160.46

Key resistance today163.70

Key support today160.20

Favoured strategy today:Bullish above 160.20


Tested key 0.7090 key support yesterday and I expect to see a bounce higher from this level going into the Bank of England interest rate announcement Thursday.


Res 30.7210

Res 20.7180

Res 10.7136

Sup 10.7090

Sup 20.7042

Sup 30.7027

Key resistance today0.7254

Key support today0.7090

Favoured strategy today:Bullish above 0.7090



Trading inside the well defined trend channel with resistance of 1.0088 as overhead and 0.9865 as underlying support. Have daily reaction high from 4/10 coming in at 1.0014 as well. Keep a close eye on the BoC interest rate announcement at 14:00 GMT as we could see a surprise rate cut.


Res 31.0077

Res 21.0014

Res 10.9995

Sup 10.9865

Sup 20.9830

Sup 30.9776

Key resistance today1.0077

Key support today0.9865

Favoured strategy today:Play range

Major events today (GMT)

14:00Bank of Canada Interest Rate Announcement

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