|USD-CHF @ 0.9263/65...Might test Resistance in 0.9300-50 region before further fall|
|R: 0.9285-0.9300 / 0.9350|
S: 0.9200 / 0.9140 / 0.9065-40
Dollar-Swiss is trading flat between 0.9240-75. The immediate outlook is mixed. But while above 0.9240-30 Support region, there is a chance of seeing a rise to 0.9300-50 in the coming sessions. However the broader outlook is bearish and we see Strong Resistance at 0.9350. As such we might expect a pull back from this Resistance at 0.9350. On the downside 0.9200 is a very crucial Support level to watch. A strong break below 0.9200 would open doors for fresh downmove to 0.9000.
|GBP-USD @ 1.6257/60...Buy dips|
|R: 1.6335 / 1.6450 / 1.6500|
S: 1.6220-00 / 1.6150 / 1.6110-00
Cable has dropped below 1.6300. While below 1.6300, there is good chance of seeing further dip to 1.6200-6150 in the coming sessions. The broader outlook remains bullish and as such a dip to 1.6150 if seen can be considered for taking Long positions. On the upside a strong break above, the pair has found Resistance near 1.6335. A strong break above this Resistance at 1.6335 would take it further up towards 1.6500-6600 in the coming sessions.
Limit Buy Order:
|AUD-USD @ 1.0172/75...Ranged|
|R: 1.0180-0200 / 1.0250-70|
S: 1.0100-0080 / 1.0050
Aussie is trading flat in a narrow range of 1.0150-75. With no significant move seen on either side during the day, our view remains the same as mentioned in the Morning comments. The broader sideways move between 0.9950-1.0200 remains intact. While below 1.0200 the sideways range is expcted to continue and a dip to 1.0100-0050 is possible in the coming sessions. However, the overall outlook is bullish.
Limit Buy Orders: