|USD-CHF @ 0.9437/40...Resistance at 0.9470|
|R: 0.9470 / 0.9500 / 0.9550|
S: 0.9400 / 0.9320-00
Dollar-Swiss has risen above 0.9400. Resistance is seen at 0.9470 a test of which looks likely in the coming session. The broder outlook is bearish and we expect this Resistance at 0.9470 to hold and might see a pull back once again towards 0.9350-00 in the coming sessions/days. As we have been mentioning for some time a break below 0.9300 could trigger fresh downmove towards 0.9200 or even 0.9000 in the coming days. On the other hand, a break above 0.9470 might take the pair up towards 0.9530-50.
Limit Sell Order:
|GBP-USD @ 1.6209/12...Buy dips|
|R: 1.6270 / 1.6330-50|
S: 1.6150-30 / 1.6100 / 1.6050-30
Cable witnessed a sharp rise to 1.6278 during the day and has come off from there. However, it is still trading above 1.6200. A break below 1.6200 might take the pair further down towards 1.6130 in the US session today. On the downside 1.6050-00 is a very significant Support region to watch for. An immediate break below 1.6000 is not looking likely. As such a dip to 1.6050 if seen can be considered for taking Long position. But whether we will see a dip to 1.6050 is a big question. We will have to wait and watch. On the upside a strong break above 1.6300 would open doors for a rise towards 1.6600-6700.
Limit Buy Order:
|AUD-USD @ 1.0127/30...Holding Long|
|R: 1.0151 / 1.0200 / 1.0255|
S: 1.0100-0080 / 1.0050 / 1.0020-00
Aussie has risen well above 1.0100 once again and because we missed our Buy order at 1.0045 yesterday we had entered a long at the market today at 1.0139. With lack of strength to see a strong downmove below 1.0100, the overall outlook remains bullish and we might expect a rise towards 1.0250-0300 in the coming sessions/day. On the downside 1.0050-00 is a very significant Support region seen on the downside below 1.0100.
Limit Buy Order: