SwissUSD-CHF @ 0.9102/05...Resistance in 0.9135-65 region

R: 0.9135 / 0.9165 / 0.9220
S: 0.9050-30 / 0.9000 / 0.8970

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:
Buy USd 10K at 0.8975, SL 0.8910, TP 0.9130

CableGBP-USD @ 1.5632/35...Might dip to 1.5550-30

R: 1.5665 / 1.5700 / 1.5800
S: 1.5615 / 1.5550-30 / 1.5500

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.

 

Holding:
GBP 10K Short at 1.5627, SL 1.5710, TP 1.5560
As soon as the market trades 1.5610 bring SL down to 1.5685 and as soon as the market trades 1.5590 there after bring SL further down to 1.5645

AussieAUD-USD @ 0.9945/49...Immediate outlook not clear

R: 1.000 / 1.0070 / 1.0100
S: 0.9900 / 0.9830-00 / 0.9750

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:
Sell AUD 10K at 1.0070, SL 1.0130, TP 0.9930

Happy Trading!

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