SwissUSD-CHF @ 0.9542/45...Bearish
R: 0.9610-30 / 0.9710 / 0.9770
S: 0.9520-00 / 0.9450

 

Dollar-Swiss is continuing to trade lower below 0.9600. Our view remains the same. The overall outlook is bearish and we might see further downmove towards 0.9450 in the coming sessions. On the upside 0.9610-30 is a strong Resistance reigon which is expected to hold incase a sharp bounce back is seen.

Holding:
USD 10K Short at 0.9650, TSL 0.9590 (down from 0.9640), TP 0.9450
As soon as the market trades 0.9510 bring TSL down to 0.9570 and as soon as the market trades 0.9480 thereafter bring TSL further down to 0.9530

CableGBP-USD @ 1.5994/97...Resistance at 1.6010
R: 1.6010 / 1.6055 / 1.6100-10
S: 1.5920-00 / 1.5850 / 1.5800

 

Cable has bounced back very well from the day's low of 1.5909. Though the overall outlook remains bullish, there is Resistance at 1.6010 which is holding as of now and only a strong break above this Resistance at 1.6010 would ease the current downside pressure. However if 1.6010 holds there is a chance seeing a dip once again towards 1.5900. We will have to wait and see what happens.

We got stopped out of our Long position entered at 1.5960 losing 45 pips.

AussieAUD-USD @ 0.9954/56...Holding Long
R: 0.9995 / 1.0015-33-43
S: 0.9925 / 0.9898

 

The Aussie is holding on well to Support above 0.99. While this Support holds, there could well be chances of the market rising up towards 1.02, maybe even 1.04 next week. Might be worth going Long all over again

Holding:
AUD 10K Long at 0.9954, SL 0.9880, TP Open