SwissUSD-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
Holding:
EUR 10K Short at 0.8970, SL 0.9005, TP 0.8820
As soon as the market trades 0.8940 trail SL to 0.8965 and as soon as the market trades 0.8920 there after bring TSL further down to 0.8945
EUR-CHF 10K Long at 1.2365, SL 1.2275, TP 1.2520

Limit Buy Order:
Buy EUR-CHF 10K at 1.2325, SL 1.2265, TP Open

CableGBP-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.

Holding:
GBP 10K Short @ 1.5730, TSL 1.5710 (down from 1.5720), TP 1.5650
Assoon as the market trades 1.5680 trail SL to 1.5720 and as soon as the market trades 1.5660 bring TSL further down to 1.5690

Limit Sell Order:
Sell GBP 10K at 1.5780, SL 1.5830, TP 1.5650

AussieAUD-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:
Sell AUD 10K at 1.0280, SL 1.0330, TP 1.0130

Happy Trading!