|USD-CHF @ 0.9410/13...Might break below its Support at 0.9400|
|R: 0.9450-70 / 0.9500 / 0.9550|
S: 0.9400 / 0.9320-00
Dollar-Swiss has dipped further and is continuing to remain pressured on the downside. It is now trading just above its significant Support at 0.9400 and a break below it might pull it further down towards 0.9320-00. Any sharp upmove is not looking likely now. However if 0.9400 holds we might see a bounce back once again towards 0.9500. But the chance of such bounce back to 0.9500 is very less and we might see a break below 0.9400 in the coming sessions.
|GBP-USD @ 1.6148/51...Buy dips|
|R: 1.6180-6200 / 1.6250 / 1.6300|
S: 1.6150-30 / 1.6075-50 / 1.6000
Cable is trading in a narrow range of 1.6130-80 since sharp fall from 1.6230 in the early Asian session today. With no significant move seen on either side during the day, our view remains the same and it is given below.
Intermediate Support is seen in 1.6150-30 region. A strong break below 1.6130 might pull it further down towards 1.6075-6050 in the coming sessions. Note that 1.6074 is the 21-DMA Support level and a dip to 1.6075-50 Support region can be considered for taking Long positions. The broader outlook remains bullish and we expect a bounce back from this 1.6075-50 Support region.
Limit Buy Order:
|AUD-USD @ 1.0027/30...Buy dips|
|R: 1.0100 / 1.0150-70 / 1.0200|
S: 1.000 / 0.9944 / 0.9887
Aussie failed to sustain the break below 1.0000 seen during the day and has bounced back from its low of 0.9984. The broader bullish sentiment remains intact. Remember that the 21-Wee-MA is a very important Support level to watch on the downside which is keeping the broader uptrend intact. As such a dip to the 21-DMA Support level can be considered for taking Long positions. Broadly the pair has been ranged between the 21-Week-MA Support level and 1.0200 over the last few weeks with its overall uptrend.
Limit Buy Order: