|USD-CHF @ 0.9380/83...Bullish|
R: 0.9400 / 0.9440 / 0.9500
Dollar-Swiss has bounced back above its 21-DMA (currently at 0.9364). Now it needs to be seen whether the pair manages to rise past 0.9400 strongly or not. A strong break above 0.9400 will initially target 0.9440-50 and it will also open doors for a test of 0.9500-20 on the upside. We will have to wait and see what happens. But the broader bullish outlook remains intact.
Limit Buy Order:
|GBP-USD @ 1.5609/12...Sell rallies|
R: 1.5650-75 / 1.5750 / 1.5750-80
Cable has come off from the day's high of 1.5668. However, the pair is trying to bounce back now. 1.5550 will be a strong Support seen below 1.5600. Our view remains the same. The overall 1.5400-5800 sideways range remains intact. Rallies to 1.5750-80 Resistance region can be sold. The pair is now trading in the middle of its 1.5400-5800 sideways range and so we are not doing anything now. We will wait for the pair to move up towards the upper end of the range wherein we will look to sell.
Limit Sell Order:
|AUD-USD @ 1.0335/38...Support in 1.0315-00 region holding well|
R: 1.0375 / 1.0400-20 / 1.0500
The Support in 1.0315-00 region mentioned in our Morning comments is holding well and the Ausssie is trying to bounce back now from its low of 1.0312. While above 1.0300, there is no immediate threat on the downside and a revisit of 1.0400 is possible in the coming sessions. Only a strong break below 1.0300 will trigger further fall to 1.0250-00 which is not looking likely immediately.