SwissUSD-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:
Sell USD 10K at 0.9700, SL 0.9770, TP 0.9450

CableGBP-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.

Holding:
GBP 10K Long 1.6073, SL 1.5980, TP 1.6150

AussieAUD-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.

Holding:
AUD 10K Long at 1.0040, SL 0.9960, TP 1.0230
As soon as the market trades 1.0100 bring SL to 0.9990 and as soon as the market trades 1.0130 there after trail SL to 1.0060.