|USD-CHF @ 0.9295/97...Immediate Support in 0.9280-70 region|
|R: 0.9300-20 / 0.9350 / 0.9400|
S: 0.9280-70 / 0.9230-00
Dollar-Swiss is trading below 0.9300. But the Support in 0.9280-70 holding as of now. As mentioned in our Morning comments, while above this 0.9280-70 Support region a test and break of 0.9350 looks likely in the coming sessions. A break above 0.9350 might increase the chance of further upmove towards 0.9420-50. On the other hand a break below 0.9270 might pull the pair down towards 0.9230-00.
|GBP-USD @ 1.6286/89...Bullish. Buy dips|
|R: 1.6335 / 1.6450|
S: 1.6230-00 / 1.6150 / 1.6100
Cable has bounced back from the day's low of 1.6235. Failure to see a strong downmove is keeping the overall bullish sentiment intact. Now we will have to see whether it can break above its Resistance at 1.6335. A strong break above 1.6335 would take it further up towards 1.6500-6600. The pair has been ranged between 1.6200-6335 most part of the week. A breakout of this range will determine the further direction of move. A break below 1.6200 might see 1.6150-00 on the downside. The broader outlook remains bullish and as such we will be looking to enter Long if a dip to 1.6150-00 is seen.
Limit Buy Order:
|AUD-USD @ 1.0127/30...Ranged|
|R: 1.0180-0200 / 1.0250-70|
S: 1.0120-00 / 1.0050 / 1.0000
Aussie is trading flat in a narrow range of 1.0120-45. With no significant movement seen on either side our view remains the same. The pair has been ranged between 1.0100-0200 all through this week within its broader sideways range of 0.9950-1.0200. A breakout of this sideways move will determine further direction of move. The overall outlook remains bullish and as such we will be looking to buy on dips.
Limit Buy Orders: