SwissUSD-CHF @ 0.9022/25...Holding Long, Buy dips

R: 0.9045-60 / 0.9085-90 / 0.9117
S: 0.8975-65 / 0.8900 / 0.8850

Overall bullish. Did not dip to 0.8900 and has risen past 0.9000 instead. Immediate Resistance seen in the 0.9045-60 region. But may be able to target 0.91+ while it remains above 0.8950-00. Dips into the 0.8950-30 region are also possible while the immediate Resistance at 0.9045-60 holds. But we may expect fresh buying interest on dips.Holding:
USD 10K Long at 0.9006, SL 0.9000 (up from 0.8930), TP 0.9070. As soon as the market trades 0.9050, bring SL up to 0.9035.

 

Limit Buy Order:
Buy USD 10K at 0.8985, SL 0.8900, TP 0.9130

CableGBP-USD @ 1.5730/33...Sell rally, if seen.

R: 1.5750-75 / 1.5820 / 1.5859
S: 1.5698 / 1.5656 / 1.5625-15

Has been finding Resistance in the 1.5800-20 region and has come off from there. Overall bearish. Immediate Support seen at 1.5700. Break thereof seems possible, may target 1.5670-50 on the downside in case the break below 1.5700 does happen. Immediate Resistance seen in the 1.5750-75 region and then above 1.5800.In case the Support at 1.5700 holds, however, we could see a bounce into the 1.5760-70 region, to test the Resistances mentioned above.

 

UK CPI has come in much higher than anticipated. The Y/Y rise is 5.2% and inflation is now near the 2008 peak. High inflation on one hand and high unemployment on the other hand does not sound good. Take a look at
http://www.kshitij.com/fundamentals/funcharts/ukcpi.shtml

Limit Sell Order:
Sell GBP 10K at 1.5765, SL 1.5865, TP 1.5645
Sell GBP 10K at 1.5830, SL 1.5875, TP 1.5645

AussieAUD-USD @ 1.0151/54...Overall Bearish, sell into bounce

R: 1.0147-70 / 1.0207-19 / 1.0245
S: 1.0003 / 1.0082 / 1.0047

Our Short at 1.0180 has seen profit at 1.0120. Market overall very bearish, but immediate Support seen at 1.0100. If this Support holds on first testing, we could see a bounce towards 1.0160 or even 1.0230-40, where fresh selling interest may be seen. In case the Support at 1.0100 breaks immediately, a further fall towards 1.0050 will be seen in the near term.Limit Sell Order:
Sell AUD 10K at 1.0235, SL 1.0275, TP 1.0120

 

Happy Trading!