|USD-CHF @ 0.9261/64...Bearish. Might dip further|
|R: 0.9300 / 0.9350 / 0.9400|
S: 0.9225-9200 / 0.9180
Dollar-Swiss is continuing to trade lower and has dipped further breaking below its Support at 0.9280. It is keeping the overall bearish sentiment intact and might dip further to 0.9225-00 in the US session today. A break below 0.9200 will open doors for a fresh downmove to 0.9000. Any sharp upmove is not looking likely now as the pair is very strong in its downmove. As such we expect it to continue to trade below 0.9300. As mentioned in our Morning comments 0.9350 is a very significant Resistance level to watch above 0.9300 and only a strong break above it would ease the current downside pressure a bit.
|GBP-USD @ 1.6155/58...Important Support at 1.6100|
|R: 1.6200 / 1.6275-6300|
S: 1.6110-00 / 1.6050-45 / 1.6000
The Resistance at 1.6275 has held very well and Cable has dropped sharply during the day. 1.6100 is a very significant Support level seen on the downside and a test of it looks likely in the US session today. We expect this Support at 1.6100 to hold. Note that the 21-DMA Support level is currently at 1.6104. We might see a bounce back once again towards 1.6250-75 from this 1.6100 Support level. As such we will be going Long on a dip to 1.6100. However, a break below 1.6100, though not looking likely now might pull it further down to 1.6050.
Limit Buy Order:
|AUD-USD @ 1.0055/58...Ranged with bullish bias|
|R: 1.0080-0100 / 1.0150 / 1.0200|
S: 1.0000 / 0.9945 / 0.9870
Aussie is oscillating between 1.0000-0100 today. Our view remains the same. The broader sideways range between the 21-Week-MA Support level (currently at 0.9947) on the downside and 1.0200 on the upside is expected to continue. We might expect further upmove towards 1.0200, the upper end of the range in the coming sessions/days. We expect the pair to continue to trade above 1.0000
We booked a profit of 20 pips from the Long entered at 1.0000 and now we are holding another Long at 1.0050.
Limit Buy Order: