|USD-CHF @ 0.9563/66...Might dip to 0.9500|
|R: 0.9600 / 0.9650-80 / 0.9750|
S: 0.9550 / 0.9500
Dollar-Swiss is continuing to trade below 0.9600 and is trading in a narrow range of 0.9550-0.9600. While below 0.9600 a furhter dip to 0.9500 looks likely. A break below 0.9500 will increase the chance of a revisit to 0.9350 on the downside once again. On the upside a strong break above 0.9600 might take it further up towards 0.9650-80 in the US session today. Failure to see a strong break above 0.9750 this week might keep the pair pressured on the downside. As such we might not see strong upside momentum even on a break above 0.9600.
|GBP-USD @ 1.6125/28...Volatile|
|R: 1.6175-6200 / 1.6250|
S: 1.6000 / 1.5950
Cable is continuing to trade volatile. It recorded a high of 1.6146 and is now coming down. Sharp rise on Tuesday followed by a sharp fall yesterday and then once again a bounce back is keeping the outlook on the pair mixed. Overall the pair is ranged between its Support at 1.6000 and Resistance at 1.6200. We would want to stay out and just watch the market to get a clear picture on the direction of move.
|AUD-USD @ 1.0039/42...Bullish. Might rise further|
|R: 1.0050-65 / 1.0100 / 1.0150|
S: 1.0000-0.9990 / 0.9920-00
Aussie is ranged between 1.0020-0055. The broader outlook is bullish and while above 1.0000, we might expect a rise to 1.0150-0200 once again in the coming sessions/days. In the broader picture the 21-Week-MA (currently at 0.9924) is an important Support level to watch for which is expected to continue to hold and keep the overall uptrend intact. As such we retain the Limit Buy Order at 0.9930 also.
Limit Buy Order: