SwissUSD-CHF @ 0.9583/85...Might test 0.9680-0.9700 Resistance region before further fall
R: 0.9600 / 0.9680-0.9700 / 0.9750
S: 0.9525-00 / 0.9450 / 0.9400

 

The Support in 0.9320-00 region held very well last week and Dollar-Swiss has risen sharply from the low of 0.9327. Although the broader outlook is still bearish, the bounce back seen today from 0.9528 leaves higher chances of a break above the immedaite Resistance at 0.9600 and move further up towards 0.9680-0.9700 in the coming sessions. 0.9680-700 is a very strong Resistance region which is expected to hold for the week. We might see a pull back towards 0.9450-9350 once again. On the other hand if the immediate Resistance at 0.9600 itself holds, then we could see a fall to 0.9500-9450 in the coming sessions. Overall the broader outlook is still bullish with chances of a rise to 0.9680-0.9700 before seeing further fall. A rally to 0.9680-9700 can be considered for taking Long positions.

We exited one of the Long position entered at 0.9567 with 2 pips profit.

Holding:
USD 10K Long at 0.9567, SL 0.9520, TP 0.9640

Limit Sell Order:
Sell USD 10K at 0.9700, SL 0.9770, TP 0.9450
Trade ideas for the week:
1) Sell rallies to 0.9680-0.9700

CableGBP-USD @ 1.6107/09...Support in 1.6050-00 region
R: 1.6180 / 1.6230 / 1.6277-30
S: 1.6100 / 1.6050 / 1.6000-5980

 

Cable has come off from last week's high of 1.6278 and is now trading near 1.6100. However, the broader picture is still bullish with strong Support in 1.6050-00 region which is expected to hold for the week. Resistance is senn in 1.6180-6230 region. Market is now at the Crossroads between the Supports and Resistances mentioned above. There are 50-50 chances of moving on either side from current levels. The fall seen today from 1.6185 leaves higher chances of seeing a test of 1.6050-00 Support region. As such we might look to take short at the market for a dip to 1.6050-00.

Market Trade (at the time of writing):
Sell GBP 10K at current level, SL 1.6155, TP 1.6060

Limit Buy Order:
Buy GBP 10K at 1.6020, SL 1.5970, TP 1.6230

 

AussieAUD-USD @ 1.0125/28...Bullish. Buy dips.
R: 1.0160 / 1.0200-20 / 1.0250
S: 1.0100 / 1.0030-00

 

Aussie has risen very well last week from near its crucial Support at the 21-Week-MA (currently at 0.9909). The broader bullish sentiment is intact. Immedaite Support is seen in 1.0110-1.0080 region. Also strong Support is seen in 1.0030-00 region. An immediate break below 1.0000 is not looking likely. We might see buyers coming in at this Support region and a dip towards it should be considered for taking Long positions. Resistance is ssen at 1.0250 which might be tested this week. Overall we might look for a range of 1.0000-0.9950 on the downside and 1.0250 on the upside for another 2-4 weeks before we see further rise.

Limit Buy Order:
Buy AUD 10K at 1.0040, SL 0.9960, TP 1.0230
Trade ideas for the week:
1) Buy at 1.0040, SL 0.9960, TP 1.0230