USD-CHF @ 1.0821/25...Buy dips
R: 1.0875 / 1.0910-40 / 1.1025 S: 1.0700 / 1.0600-570 / 1.0400
We have not seen much movement on the pair and we maintain the overall view which we had in the morning:
Dollar-Swiss has gone up in the Asian session today and a rise past the 100 Week MA Resistance (at 1.0875) may take the pair towards the 21-Month MA Resistance at 1.0909 which, if broken may take it further up towards 1.10 later in the week. Though, a dip from 1.0909 may bring it down towards 1.0800, where we may again want to go long.
However, failure to break above the immediate Resistance at 1.0875 may pull it towards 1.075-700 which, if broken may fall further towards 1.060-570. In case of an immediate fall, we would want to buy initially at 1.0700 with a small stop, which if triggered, may lead us to our next buy level at 1.0600-570.
Holding Long: USD 10K Long at 1.0785, SL 1.0720, TP Open
GBP-USD @ 1.5263/66...Buy dips
R: 1.53 / 1.5330-50 / 1.5380-1.54 S: 1.5230-00 / 1.5160-40 / 1.5120
Cable has bounced back from the low of 1.5211. Resistance is seen in the broad 1.5300-50 region which might hold for some time and keep up the chances of a fall once again to 1.5200-1.5150. However, a strong break above 1.5350 might see a rise once again towards 1.5450-1.5500.
On the other hand if the pair fails to see a break above 1.53, we might expect a break below 1.52 and see a downmove towards 1.5150-30 in the US session today. Such a fall towards 1.5150-30 can be considered as a good opportunity to buy as the the pair has been ranged between 1.51-55 over the last several days.
Limit Buy Order: Buy GBP 10K at 1.5150, SL 1.5070, TP 1.5460
AUD-USD @ 0.9269/71...Buy dips
R: 0.9350 / 0.9405 / 0.9500 S: 0.9207 / 0.9165 / 0.9000
Aussie has moved up slightly and is trading above the important level of 0.9253 in the European session today. We still need to wait for an upmove beyond 0.9350 or a downmove below 0.9200 in order to go short or long the pair in the coming sessions over today and tomorrow.
Limit Buy Order: Buy AUD 10K at 0.9210, SL 0.9090, TP Open Buy AUD 10K at 0.9150, SL 0.9060, TP Open Buy AUD 10K at 0.9120, SL 0.9030, TP Open Happy Trading!