|USD-CHF @ 0.8982...Might fall while below 0.9000|
|R: 0.9000-25 / 0.9080 / 0.9130|
S: 0.8925 / 0.8850 / 0.8800
Dollar-Swiss fell to a low of 0.8928 and has bounced back once again. However, it is still not gaining strength to rise past 0.9000. As mentioned in our Morning comments, 0.9000-20 is a significant Resistance region and while below this Resistance region we see good chances of a fall to 0.8850-00 in the coming sessions/days. On the other hand a strong rise past 0.9025 would ease the downside pressure and can take the pair up towards 0.9080 and then towards 0.9130-50
Limit Buy Order:
|GBP-USD @ 1.5668...Support at 1.5640|
|R: 1.5700 / 1.5747 / 1.5780-5800|
S: 1.5640 / 1.5600 / 1.5555
Cable fell during the day and is now trading below 1.5700. The 200-MA on the 4-Hr chart (currently at 1.5747) has held well during the day. Support is seen at 1.5640 and while it holds, there are chances of a bounce back to 1.5700-50 once again in the coming sessions. There is strong Resistance in 1.5780-5800 region and while below this Resistance region, the pair is expected to remain pressured on the downside and a fall to 1.5550 is possible in the coming sessions/days.
Limit Sell Order:
|AUD-USD @ 1.0156/59...Immediate Support near 1.0130|
|R: 1.0220 / 1.0250 / 1.0280|
S: 1.0130 / 1.0100 / 1.0000
Aussie fell sharply during the day. However, the 200-MA on the 4-hr chart (currently at 1.0138) is holding well and the pair is trying to bounce back now. While this Support near 1.0130 continues to hold, the chances of seeing 1.0250-80 is still there. Only a strong break below 1.0100 would bring back the downside pressure on the pair. However, 1.0250-80 is a very strong Resistance region which we expect to hold. A pull back to 1.0100 is possible from this Reisistance region. As such rallies to 1.0250-80 can be sold.
Limit Sell Order: