|USD-CHF @ 0.9634/37...Important Resistance in 0.9680-0.9700|
|R: 0.9680-9700 / 0.9750|
S: 0.9600 / 0.9530-00 / 0.9450
Dollar-Swiss is retaining its strength and is keeping up our view for further rise and test of its important Resistance in 0.9680-0.9700 region. As mentioned earlier the broader picture is bearish and we expect the Resistance in 0.9680-97000 region to hold in the US session today. A pull back towards 0.9500-9450 is possible from 0.9700. As such we will be taking Short position at 0.9700 as per our Weekly view.
Limit Sell Order:
|GBP-USD @ 1.6074/77...Holding Long|
|R: 1.6100 / 1.6180-6200 / 1.6250|
S: 1.6050 / 1.6000
Cable failed to see a strong break above 1.6100 during the day and it has come of from its high of 1.6100. However, it is bouncing back from 1.6044 now. Also much it is not showing much downside momentum for a strong break below 1.6050. As such the overall bullish view remains intact and we might see a rise once again towards 1.6150-6200 in the coming sessions on a strong break above 1.6100.
|AUD-USD @ 1.0105/08...Buy dips|
|R: 1.0180-0200 / 1.0250|
S: 1.0090 / 1.0050-30 / 1.0000-0.9980
Aussie has dipped further and is keeping our view of testing the 1.0050-00 Support region intact. As mentioned earlier, failure to see a strong upmove above 1.0180 twice 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: