SwissUSD-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.

Holding:
USD 10K Short at 0.9420, SL 0.9510, TP Open
As soon as the market trades 0.9350 trail SL to 0.9410 and as soon as the market trades 0.9320 there after bring TSL down to 0.9380

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

CableGBP-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:
Buy GBP 10K at 1.6050, SL 1.5960, TP 1.6220

 

AussieAUD-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.

Holding:
AUD 10K Long 1.0139, SL 1.0050, TP Open

Limit Buy Order:
Buy AUD 10K at 1.0060, SL 0.9990, TP Open