|USD-CHF @ 0.9045/48...Can dip further|
R: 0.9135 / 0.9200 / 0.9230-50
Dollar-Swiss fell sharply breaking below its 0.9100-9070 Support region. Any bounce back if needs to be seen has to happen from current level. Failure to bounce back from current levels can pull the pair further down towards 0.9000-8950 in the coming sessions. 0.8950 and 0.8900 are the signficant Support levels seen on the downside. A fresh upmove can be seen from these Support levels.
|GBP-USD @ 1.5934/37...Support in 1.5900-5870 region holding well|
R: 1.5950 / 1.6020-50 / 1.6130-50
The Support in 1.5900-5870 region is holding well and Cable is bouncing back from its low of 1.5890. While above 1.5900, there could be chances of testing 1.6030-50 on the upside. Also a rise to 1.6030-50 will ease the threat of a Double-Top on the daily chart and it could increase the chances of keeping the pair in a sideways range between 1.5900-5870 on the downside and 1.6130-50 on the upside. We will have to wait and see what happens.
|AUD-USD @ 1.0165/68...Sell rallies|
R: 1.0200 / 1.0235-50 / 1.0300
Aussie dipped further during the day, but did not extend its downmove to 1.000 that we had expected. Instead it had bounced back well from its low of 1.0052 and is now trading above the 200-MA on the 4-hr chart (currently at 1.0147). While above this 200-MA on the 4-hr, we see good chances of further rise to 1.0200-35 in the coming sessions. As mentioned earlier, 1.0230-50 will be an important Resistance region to be watched and we will be looking to sell in this Resistance region.
We got stopped out of the Short position entered at 1.0095 losing 60 pips.
Limit Sell Order: