|USD-CHF @ 0.9371/74...Important Support in 0.9300-0.9290 region|
|R: 0.9400 / 0.9450 / 0.9500|
S: 0.9345 / 0.9300-0.9290
Dollar-Swiss is trading flat in a narrow range of 0.9350-0.9400. The intermediate Support at 0.9345 mentioned in our Morning Comments is holding as of now. However, the broader outlook remains bearish. A break below 0.9345 might see further dip to 0.9300-0.9290 which is a very important Support region to be watched on the downside. A strong break below 0.9290 might open doors for a fresh downmove towards 0.9000. On the upside a bounce back above the immediate Resistance at 0.9400 might see a rise to 0.9450-0.9500. 0.9500 is a good Resistance seen on the upside and we expect it to hold incase a sharp bounce back above 0.9400 is seen in the coming sessions. A rally to 0.9500 if seen can be considered for taking Short position.
Limit Sell Order:
|GBP-USD @ 1.6240/44...Bullish.|
|R: 1.6280-6300 / 1.6450 / 1.6620|
S: 1.6100-6090 / 1.6050-40 / 1.6000
Cable has risen sharply and is trading strong above 1.6200 following the BOE's minutes of the meeting release that showed three officials voting for a hike in the interest rates. In the last meeting two memebers voted for a rate hike. The overall bullish sentiment remains intact. Some Resistance is seen in 1.6280-6300 region and a strong break above 1.6300 might take the pair further up towards 1.6500-6600 in the coming days/weeks. On the downside strong Support is seen in 1.6100-6050 region and a dip to this Support region if seen can be considered for taking Long positions.
Limit Buy Order:
|AUD-USD @ 1.0037/40...Bullish. Buy dips|
|R: 1.0050 / 1.0130 / 1.0170|
S: 1.0000 / 0.9950-40 / 0.9870
The Resistance at 1.0050 is holding as of now and Aussie is ranged between 1.0000-50 today. A break below parity might not happen now. As such we are moving our Buy order up from 0.9960 to 1.0000 as the overall outlook is bullish for a rise once again towards 1.0150-0200. Even if a break below 1.0000 is seen in the coming sessions, the downmove could be restricted by the 21-Week-MA (currently at 0.9944) which is a very important Support level on the downside that is keeping the overall uptrend intact.
Limit Buy Order: