SwissUSD-CHF @ 0.9589/92...Bearish
R: 0.9630-50 / 0.9710 / 0.9770
S: 0.9550 / 0.9500 / 0.9450

 

Dollar-Swiss is continuing to trade below 0.9600 in a narrow range of 0.9570-600. Our view remains the same. The broader outlook is bearish. Immeidate Support is seen at 0.9550 and a break below it might trigger further downmove towards 0.9470-50 in the coming sessions. Strong Resistance is seen in 0.9630-50 region a break above which is not looking likely. As such we would want to add to our Short position at current level.

Market Trade (at the time of writing):
Sell USD 10K at current level, SL 0.9675, TP 0.9470
As soon as the market trades 0.9540 bring SL down to 0.9620 and as soon as the market trades 0.9520 thereafter bring TSL further down to 0.9560

Holding:
USD 10K Short at 0.9650, TSL 0.9640 (down from 0.9740), TP 0.9450
As soon as the market trades 0.9540 bring TSL down to 0.9620 and as soon as the market trades 0.9520 thereafter bring TSL further down to 0.9590

CableGBP-USD @ 1.5982/85...Support in 1.5975-50 region
R: 1.6070-6100 / 1.6180-6200 / 1.6300
S: 1.5975-50 / 1.5900-5880 / 1.5850

 

Cable has come off shaply from its high of 1.6037. It is now trading in the 1.5975-50 Support region. We expect this Support region to hold and might see a bounce back once again towards 1.6070-6100 in the coming sessions. The broader outlook continues to remain bullish and a strong break above 1.6100 might take the pair further up towards 1.6200-6300 in the coming days.

Holding:
GBP 10K Long at 1.5960, SL 1.5915 (up from 1.5880), TP 1.6180
As soon as the market trades 1.6040 trail SL to 1.5975 and as soon as the market trades 1.6080 bring TSL further up to 1.6010

 

AussieAUD-USD @ 1.0049/52...Add to Long on dip
R: 1.0070-80 / 1.0138
S: 1.0000 / 0.9975 / 0.9950
Aussie is holding onto its gains above 1.0000. While it now trades above 1.0000, there would be chances of people coming in to buy it on dips. If so, we could see the market rise further towards 1.01 / 1.02 over the coming days.

 

Limit Buy Order:
Buy AUD 10K at 0.9990, SL 0.9945, TP Open

Holding:
AUD 10K Long at 0.9935 , TSL 0.9975 (down from 0.9990), TP 1.0180. As soon as the market trades 1.0090 bring TSL up to 1.0010 and as soon as the market trades 1.0130 thereafter bring TSL further up to 1.0060