|USD-CHF @ 0.8990/93...Support at 0.8950 holding well|
R: 0.9100 / 0.9230-50
Dollar-Swiss fell sharply breaking below 0.9000 during the day. The Support at 0.8950 is holding well and the pair is now bouncing back from its low of 0.8944. While above 0.8950 a fresh rally to 0.9050-9100 is possible in the coming sessions. On the other hand failure to bounce back above 0.9000 and a pull back breaking below 0.8950 can take the pair down towards 0.8900-8880. Our view remains bullish and we expect the pair to continue to trade above 0.8950.
USD 10K Long at 0.8970, SL 0.8720, TP 0.9230
|GBP-USD @ 1.6058/61...Might test the 200-DMA|
R: 1.6100 / 1.6140
Cable tested 1.6100 during the day as expected. and has come off from its high of 1.6100. The overall outlook remains bullish. Support is seen in 1.6015-00 region and a test of the 200-DMA (1.6140) is possible in the coming sessions. A break below 1.6000 can take it further down towards 1.5900. A break below 1.6000 is not looking likely now and we expect the pair to continue to trade 1.6000.
|AUD-USD @ 1.0313/17...Ranged|
R: 1.0400-20 / 1.0500
Aussie is finding Support near 1.0280 but it is not gaining strength to extend its upmove strongly above 1.0300. Our view remains the same. The pair remains ranged between 1.0300-0400. While below 1.0400, a test of 1.0200 looks likely in the coming sessions. A mentioned in our weekly view 1.0200-180 is a strong Support region seen on the downside and an immediate break below this Support region is not looking likely. As such dips to this Support region can be bought. On the upside the oair needs to see a strong break/close above 1.0420 to ease the downside pressure.
Limit Buy Order: