USD-CHF @ 1.0822/25...Holding Long
R: 1.0836 / 1.0870 / 1.0912-26S: 1.0800 / 1.0762-50 / 1.0700
Dollar-Swiss touched a low of 1.0807 in the European session today. We may see some more dip towards 1.0800 or even 1.0762, in the US session today, followed by an upmove towards 1.0850-900 in the coming sessions over today and tomorrow. However, in case the pair breaks below the Support at 1.0750, then it may as well see 1.0700, though we see more chances of 1.0800 holding, followed by an upmove over today and tomorrow.
Holding Long:USD 10K Long at 1.0830, SL 1.0750, TP Open
Limit Buy Order:Buy USD 10K at 1.0800, SL 1.0750, TP Open
GBP-USD @ 1.5273/76...Sell Rallies
R: 1.5275 / 1.5300 / 1.5362-70S: 1.5230-200 / 1.5170 / 1.5110-00
Cable touched a high of 1.5267 in the European session today. We continue to hold our view of a dip towards 1.5100 or even 1.5000 in the coming sessions over today and tomorrow.
The pair is trading just below the important Resistance level of 1.5275 and we may not see it breaking strongly above 1.5275 in the US session today. We may consider selling at current levels. However, in case of a rise beyond 1.5275, we may have to allow for 1.5300-20 before we see a dip again.
Market Trade (at the time of writing):Sell GBP 10K at Current Levels, SL 1.5200, TP Open
AUD-USD @ 0.9288/91...May fall
R: 0.9291-310 / 0.9350 / 0.9405S: 0.9265-56 / 0.9215-00 / 0.9150
Aussie is currently trading near its day's high of 0.9287. Please note that it has moved above the level of 0.9266, a long term trendline Resistance on the Monthly charts. This line has been tested several times this month but has not been broken yet. We still have a day for the month to end and need to wait and watch whether we see a monthly close above/ below 0.9266.
We may consider selling at these levels with a stop loss of about 25-30 pips. Please note that 0.9302 is the Suggested max high for the day. Though, a strong break above 0.9310 may take it towards 0.9350 or even 0.9405, in that case we would prefer to exit our current position with a small loss and re enter a short at those levels (0.9350-405).
Market Trade (at the time of writing):Sell AUD 10K at Current Levels, SL 0.9323, TP Open