SwissUSD-CHF @ 0.9226/28...Bullish

R: 0.9225 / 0.9280-9300 / 0.9420
S: 0.9200-180 / 0.9150 / 0.9100

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):
Buy USD 10K at current level, SL 0.9140, TP 0.9380
As soon as the market trades 0.9250 bring SL up to 0.9180 and as soon as the market trades 0.9280 there after trail SL to 0.9230

Limit Buy Order:
Buy USD 10K at 0.9185, SL 0.9130, TP 0.9380

CableGBP-USD @ 1.5381/84...Bearish

R: 1.5425-50 / 1.5500 / 1.5550
S: 1.5320 / 1.5200 / 1.5000

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.
Holding:
GBP 10K Short at 1.5550, TSL 1.5425 (down from 1.5435), TP 1.5320
As soon as the market trades 1.5355 bring TSL down to 1.5395 and as soon as the market trades 1.5330 there after bring TSL further down to 1.5355

 

Limit Sell Order:
Sell GBP 10K at 1.5410, SL 1.5460, TP 1.5230

AussieAUD-USD @ 0.9424/27...Bearish. Can fall to 0.9250

R: 0.9475-500 / 0.9550 / 0.9665
S: 0.9420 / 0.9370 / 0.9250-30

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.

 

Holding:
AUD 10K Shprt at 0.9452, SL 0.9515 (down from 0.9535), TP 0.9230
As soon as the market trades 0.9410 bring SL down to 0.9485 and as soon as the market trades 0.9390 there after trail SL to 0.9435
Holding:
AUD 10K Short at 0.9525, TSL 0.9470 (down from 0.9510), TP 0.9230
As soon as the market trades 0.9410 bring TSL down to 0.9460 and as soon as the market trades 0.9380 there after bring TSL further down to 0.9435

Happy Trading!