SwissUSD-CHF @ 0.9413/16...Bearish
R: 0.9500 / 0.9550 / 0.9600-20
S: 0.9400 / 0.9320-00 / 0.9250

 

Dollar-Swiss has been ranged between 0.9400-50 since the Asian session today. With no significant move seen on either side, our view remains the same as mentioned in our Morning comments and it is given below.

The pair continues to remain weak and the broader picture is still bearish. Resistance is seen in 0.9500-50 region and a rally towards this Resistance region can be considered for taking Short positions. On the downside a break below 0.9400 might see a dip towards 0.9300-9250 in the coming sessions/days.

Limit Sell Order:
Sell USD 10K at 0.9500, SL 0.9590, TP 0.9250
Sell USD 10K at 0.9540, SL 0.9620, TP Open

CableGBP-USD @ 1.6100/03...Might test the important Resistance in 1.6185-6225 region
R: 1.6185 / 1.6225 / 1.6300
S: 1.6050 / 1.6000-5980 / 1.5900

 

Cable is retaining its strength and has risen further during the day. 1.6185-6225 is the next important Resistance region to watch. A test of this Resistance region looks likely in the coming sessions. Support is seen in 1.6020-00 region an immeidate break below which is not looking likely. However, remember that if 1.6185-6225 Resistance region holds then there could could be a good chance of seeing a strong pull back towards 1.5900 in the coming days. We will have to wait and watch.

 

AussieAUD-USD @ 1.0058/61...Buy dip
R: 1.0064-77 / 1.0100 / 1.0138
S: 0.9991 / 0.9949 / 0.9924

 

The Aussie is trading quite strong and one is tempted to go Long. But the market is trading just below 1.0064, the projected Max High on the Daily and 3-day Charts, and has been unable (so far) to sustain its rise past these, to the high of 1.0077 posted today. As such, there are some chances of a fall back towards 110.30-20, if not 0.9990. Buying on a dip might be better than going Long at the market.

Limit Buy Orders:
Buy AUD 10K at 1.0007, SL 0.9977, TP Open
Buy AUD 10K at 0.9870, SL 0.9830, TP Open