SwissUSD-CHF @ 0.9384/87...Bearish Sell rallies
R: 0.9430-60 / 0.9500-20 / 0.9550
S: 0.9320-00 / 0.9250 / 0.9200

 

The Support at 0.9320 is holding and Dollar-Swiss has risen during the day. Resistance is seen in 0.9430-60 region and a test of this Resistance region looks likely in the US session today. We expect this Resistance region to holds and migth see a pull back once again towards 0.9320-00 from this Resistance region. The broader outlook is bearish and a break below 0.9300 would trigger further downmove towards 0.9200 or even 0.9000 in the coming days/weeks.

Limit Sell Order:
Sell USD 10K at 0.9420, SL 0.9510, TP Open
Sell USD 10K at 0.9470, SL 0.9520, TP Open

CableGBP-USD @ 1.6199/202...Watch important Resistance at 1.6225
R: 1.6185 / 1.6225
S: 1.6100 / 1.6050 / 1.6000-5980

 

Cable has risen further and is now trading just below its important Resistance at 1.6225 region. A strong break above 1.6225 would open doors for a rist owards 1.6700 in the coming weeks. However, if this Resistance holds, we might see a pull back towards 1.6050-00 in the coming sessions. We will have to wait and see what happens. However, we expect the Support in 1.6050-00 region to hold incase a sharp dip is seen from current levels.

Limit Buy Order:
Buy GBP 10K at 1.6050, SL 1.5960, TP 1.6220

 

AussieAUD-USD @ 1.0100/03...Buy dips
R: 1.0151 / 1.0200 / 1.0250
S: 1.0050-30 / 1.0000-0.9980 / 0.9925

 

Aussie is trading in a narrow range of 1.0100-35 since the Asian session today. Technically the Resistance at 1.0151 mentioned in our Morning comments is holding well as of now. As such we might expect a dip towards 1.0050-30 in the US session today. However, the broader outlook is bullish for a rise towards 1.0200-50 and we might expect a bounce back once again from 1.0050-30 region. As such a dip towards 1.0050-30 can be considered for taking Long positions.

Limit Buy Order:
Buy AUD 10K at 1.0045, SL 0.9955, TP 1.0250