USD-CHF 1.0554/57...May fall towards 1.0500
R: 1.0600 / 1.0650 / 1.0700
S: 1.0500 / 1.0450
As expected, the pair has come down in the Asian session and may see some more fall towards 1.0500 on a break below 1.0550 in the US session today. Though, please note that we are not looking for any immediate deep fall on the pair in the coming sessions over today and tomorrow.
GBP-USD @ 1.5595/98...May see some more fall
R: 1.5700 / 1.5800 / 1.5900
S: 1.5535 / 1.5500 / 1.5421Cable has come down in the Asian and the European session today. In our morning comments we said that there are chances of the pair breaking on the downside which may now be seen. The pair may go down towards 1.5550-00 in the US session today followed by a quick recovery above 1.5600 in the coming sessions over today and tomorrow.
Please note that 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 towards 1.62-63.
R: 0.9000 / 0.9050 / 0.9100
S: 0.8850-30 / 0.8719
We continue to hold our morning view on the pair today.
Aussie broke the Support at 0.9000 and is currently trading lower. The next significant Support is in the region of 0.8830-50 (0.8839 is the 200-MA on the 4-hourly charts and 0.8852 is the 100-DMA) which may or may not be seen in the coming sessions today. We are not very sure of the immediate movement on the pair and do not recommend a trade immediately, though if the pair comes down, buying near 0.8830-50 may be considered.