|USD-CHF @ 0.9543/45...Immediate outlook mixed|
|R: 0.9600 / 0.9680-9700 / 0.9770|
S: 0.9530-00 / 0.9450 / 0.9400
The Support in 0.9530-00 region mentioned in our Morning comments is holding as of now. With no significant movement on either side seen during the day, our view remains the same. With this Support in 0.9530-00 region and lack of downside momentum, the immediate outlook is mixed with 50-50 chance of moving on either side from current levels. So, as of now we would want to stay away and watch the market. However. the broader outlook remains bearish with strong Resistance at 0.9600 and in 0.9680-0.9700. Incase if the 0.9530-00 Support region holds and the pair rallies to 0.9680-0.9700, then we will be looking to enter a Short trace in 0.9680-0.9700 region.
Limit Sell Order:
|GBP-USD @ 1.6105/08...Might test 1.6050-00 Support region|
|R: 1.6180 / 1.6230|
S: 1.6100-6080 / 1.6050 / 1.6000-5980
Cable failed to see a strong break above 1.6150 and fell sharply during the day from its high of 1.6162. A sharp fall from the high of 1.6185 yesterday and then a sharp fall today from 1.6162 leaves higher chances of seeing a break and dip below 1.6100 to 1.6050-00 in the coming sessions. However, the broader outlook is still bullish and we expect a bounce back once again from 1.6050-00 Support region. As per our Weekly view, we would be looking to buy on a dip to 1.6050-6000. On the upside 1.6180-6230 is a very important Resistance region to watch for and a strong break above it would take the pair higher.
We got stopped out of our Short position entered at 1.6107 losing 48 pips.
Limit Buy Order:
|AUD-USD @ 1.0117/20...Bullish. Buy dips|
|R: 1.0180-0200 / 1.0250|
S: 1.0100-1.0090 / 1.0050-30 / 1.0000
Aussie has come off from the day's high of 1.0189. Failure to see a strong upmove today leaves higher chances of seeing a break and dip below 1.0100 towards 1.0050-00. As mentioned in our Weekly view, we would be looking buy if a dip to 1.0050-00 is seen. The broader outlook is bullish and we might expect a bounce back from the 1.0050-00 Support region.
Limit Buy Order: