|USD-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):
|GBP-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.
|AUD-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: