SwissUSD-CHF @ 0.8966/69...Might fall before further rise

R: 0.9000-30 / 0.9080-9100 / 0.9125
S: 0.8950 / 0.8925 / 0.8850

Dollar-Swiss is not gaining strength for a strong rise past 0.9000. Some Support is seen at 0.8950 and a strong break below it can trigger a fall to 0.8850-00. As mentioned in our Morning comments, 0.8850-00 is a strong Support region we see on the downside and a fresh rally can be seen from this Support region. As such we will be looking to enter long on dips. On the upside the pair needs to see a strong rise past 0.9000-30 Resistance region for an upmove to 0.9100+ levels. As of now the immediate outlook is bearish for a fall to 0.8850-00.
Holding:
USD 10K Short at 0.8995, SL 0.9015 (down from 0.9045), TP 0.8860.
As soon as the market trades 0.8940 trail SL to 0.8980 and as soon as the market trades 0.8925 there after bring TSL down to 0.8965

 

EUR-CHF 10K Long at 1.2365, SL 1.2275, TP 1.2520
Limit Buy Order:
Buy USD-CHF 10K at 0.8830, SL 0.8755, TP Open
Buy USD-CHF 10K at 0.8775, SL 0.8735, TP Open
Buy EUR-CHF 10K at 1.2325, SL 1.2265, TP Open

CableGBP-USD @ 1.5783/86...Might rise to 1.5880-5900

R: 1.5800 / 1.5880-5900
S: 1.5731 / 1.5680 / 1.5600

Cable is continuing to trade well above the 200-MA (1.5731) on the 4-hr chart and is keeping up the chances of a break above 1.5800. On the upside 1.5880-5900 is an important Resistance region seen above 1.5800 which we expect to hold. As such the upmove on a break above 1.5800 could be restricted to 1.5880-5900 and we will be looking to sell on rallies to this Resistance region. On the downside, the pair now needs to see a strong break below 1.5700 to bring back the downside pressure on the pair.

 

Limit Sell Order:
Sell GBP 10K at 1.5870, SL 1.5940, TP 1.5730

AussieAUD-USD @ 1.0255/58...Might rise to 1.0300+ levels

R: 1.0300-20 / 1.0370-0400
S: 1.0200-180 / 1.0130-00

Aussie is retianing its strength and is continuing to trade above 1.0200 thereby keeping up our bullish view intact for a rise to 1.0300-80. As mentioned in our morning comments we see strong Resistance in 1.0300-0380 region and a fresh pull back can be seen from this 1.0300-80 Resistance region. Shorts can be taken on rallies to 1.0300-80 Resistance region.

 

We booked a profit of 52 pips from the Long position entered at 1.0208.

Limit Sell Order:
Sell AUD 10K at 1.0370, SL 1.0435, TP 1.0220
Happy Trading!