|USD-CHF @ 0.9630/33...Might test the 0.9680-0.9700 Resistance region|
|R: 0.9680-0.9700 / 0.9770 / 0.9860|
S: 0.9590 / 0.9535 / 0.9490
Dollar-Swiss has risen above 0.9600 once again and as mentioned in our Morning comments it is keeping alive the chances of testing the 0.9680-0.9700 Resistance region. However, the broader picture remains bearish and we expect the 0.9680-0.9700 Resistance region to hold. We might see a pull toward 0.9500-0.9450 from this 0.9680-0.9700 Resistance region. As such we will be taking Short positions on a rally to 0.9700 as per our weekly view.
Limit Sell Order:
|GBP-USD @ 1.6052/55...Support at 1.6000.|
|R: 1.6080-6100 / 1.6180-6200 / 1.6250|
S: 1.6000 / 1.5950 / 1.5900
Cable tested the intraday Support at 1.6040 and is now bouncing back from the low of 1.6028. 1.6050-00 is a very significant Support region which is expected to hold in the coming sessions. Only a strong break below 1.6000 will damage the broader bullish view. On the upside Resistance is seen in 1.6080-6100 region and a strong break above it might see further upmove towards 1.6250-6300.
|AUD-USD @ 1.0046/49...Support in 1.0030-00 region|
|R: 1.0100 / 1.0180-0200 / 1.0250|
S: 1.0030-00 / 0.9950 / 0.9900
Aussie has dipped further to test the 1.0030-00 Support region as expected. Note that the low recorded so far is 1.0031. The broader outlook remains bullish. We expect this 1.0030-00 Support region to hold and we might see a bounce back once again towards 1.0150-0200 in the coming sessions/days. However, a break below 1.0000 might pull it further down towards 0.9950-00.