Swiss USD-CHF 1.0392/95...May see 1.0250-00 if falls below 1.0350

R: 1.0425 / 1.0490 / 1.0550
S: 1.0350 / 1.0271 1.0200

We continue to hold our morning view on the markets.

Dollar-Swiss fell to touch a low of 1.0331 in the US session on Friday, but closed above 1.0350. We see 1.0350 as a good Support which has been holding from the past few days. A break below 1.0350 may see the pair fall towards 1.0250-200 in the the next few days. However, if 1.0350 holds, the pair may continue to move in the range of 1.0350-500-550 before a break on the higher side.

Overall, the pair has been stuck in the range of 1.0350-600 since some days now, which may result in a strong upmove or a downmove in the coming days. We see more chances of a downmove than an upmove.

Cable GBP-USD @ 1.5961/64...May come down towards 1.5900-850

R: 1.6027 / 1.6080-95
S: 1.5900 / 1.5876 / 1.5836

As expected, Cable came down in the European session today and is currently trading just below 1.5950. Our immediate bearish on the pair holds with good chances of a fall towards 1.5900-850 in the coming session over today and tomorrow. Further, please note that, there are chances of further downfall towards 1.5800-750 in case of a break below 1.5850. We see less chances of an immediate rise on the pair in the coming sessions today.

In the longer term, we continue to hold our view of a double bottom on the monthly charts which may result in a very strong upmove in the coming weeks/ months.

Aussie AUD-USD 0.9190/93...Strong Resistance at 0.9200-50

R: 0.9250 / 0.9300 / 0.9365
S: 0.9100 / 0.9050 / 0.8950

We continue to hold our morning view on the markets.

Aussie has been moving in the range of 0.9140-220 since the European session on Friday. The pair may continue to move in theis range in the European and the US sessions today. In the coming days, we see good chances of the pair coming down from 0.9225-50 levels since we have a strong Trendline Resistance on the weekly and the monthly charts which is expected to be honoured.

Limit Sell Order:
Sell AUD 10K at 0.9280, SL 0.9360, TP Open
Happy Trading!