|USD-CHF @ 0.9102/05...Resistance in 0.9135-65 region|
R: 0.9135 / 0.9165 / 0.9220
Dollar-Swiss has risen during the day as expected and is keeping up the overall bullish view intact. Resistance is seen in 0.9135-65 region which could restrict the rise for some time and a pull back to 0.9050-30 is possible while this Resistance in 0.9135-65 region holds. On the other hand a strong break above 0.9165 would open doors for a rise to 0.9300 once again. The bigger picture remains bullish with strong Support in 0.9000-8970 region. Any sharp fall to 0.9000-8970 if seen can be considered for taking Long positions.
Limit Buy Order:
|GBP-USD @ 1.5632/35...Might dip to 1.5550-30|
R: 1.5665 / 1.5700 / 1.5800
Cable is continuing to trade below 1.5700 and is currently facing Resistance near 1.5665. While below this Resistance at 1.5665, we see good chaces of seeing 1.5550-5530-5500 on the downside in the coming sessions. Some Support is seen near 1.5615 and a strong break below it would trigger further downmove towards 1.5550-00. Lack of upside momentum is now reducing the chances of seeing a rise past 1.5700 and also now we see less chances of the Double-Bottom pattern getting confirmed. We will have to wait and see what happens.
|AUD-USD @ 0.9945/49...Immediate outlook not clear|
R: 1.000 / 1.0070 / 1.0100
Aussie is neither gaining strength to see a strong rise past 1.0000 nor showing strength on the downside for a sharp fall. The pair is trading mixed in between 0.9900-1.000. We will have to see a breakout on either side to get clear idea on further direction of move. A downside break below 0.9900 would take it further down to 0.9830-00. On the other hand an upside break above 1.000 can see 1.0070-0100 on the upside. As mentioned in our Morning comments today, 1.0070-0100 is a very strong Resistance region and an immediate rise past this Resistance is not looking likely. As such we will be looking to sell if a rally to this Resistance region is seen.
Limit Sell Order:
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