|USD-CHF @ 0.9226/28...Bullish|
R: 0.9225 / 0.9280-9300 / 0.9420
Dollar-Swiss is not showing much downside momentum for a strong dip below 0.9200. This keeps the broader bullish view intact and has increased the chances of seeing a strong rise past the immediate significant Resistance at 0.9225. As mentioned earlier, we might see a strong rise o 0.9400 and 0.9500 in the coming days. Intermediate Resistance is seen in 0.9280-9300 region. On the downside, 0.9175-55 is a significant Support region to be watched which is expected to hold in case a sharp dip below 0.9200 is seen in the US session today.
Market Trade (at the time of writing):
Limit Buy Order:
|GBP-USD @ 1.5381/84...Bearish|
R: 1.5425-50 / 1.5500 / 1.5550
Cable has dipped further as expected and is keeping up our bearish view intact. With significant Resistance near 1.5450, the overall picture remains bearish for a fall to 1.5200 ore even 1.5000 going forward. Any sharp bounce back move could be well restricted to 1.5450 in the coming sessions.
Limit Sell Order:
|AUD-USD @ 0.9424/27...Bearish. Can fall to 0.9250|
R: 0.9475-500 / 0.9550 / 0.9665
Aussie is finding Resistance near 0.9475 today and remains pressured on the downside. Our overall bearish view remains intact for a fall to 0.9250. As mentioned in our Morning commnets, there is even a threat of the current downmove extending further to 0.9000. Any sharp upmove is not looking likely and we expect the pair to continue to trade below 0.9500.