USD-CHF @ 1.1078/81...Ranged with a bullish bias
R: 1.1111 / 1.1182 / 1.1217S: 1.1080 / 1.1025-20 / 1.0940
Dollar-Swiss touched a low of 1.1067 in the European session today. The pair may move in the range of 1.1000-1150 before a break on the upside in the next few days. However, a strong fall below 1.1000 may again see 1.0800 on the pair, though we see less chances of this fall in the coming days.
GBP-USD @ 1.4936/39...Resistance in the broad 1.50-51 region
R: 1.50 / 1.5050 / 1.5100-20S: 1.4865-50 / 1.48 / 1.47
The Support at 1.4865-50 region mentioned in our Morning Commentary held very well and Cable witnessed a rise towards the 1.50-51 Resistance region which is holding as expected. As mentioned earlier, with strong Resistance in the broad 1.50-51 region the pair is expected to remain pressured on the downside. Support is seen at 1.4865-50 region, a strong break below which might see further dip towards 1.47.
Limit Sell Order:Sell GBP 10K at 1.5070, SL 1.5160, TP Open
AUD-USD @ 0.8975/78...Mixed
R: 0.8973-0.9000 / 0.9060 / 0.9100S: 0.8900-0.8890 / 0.8820 / 0.8720-0.8690
Aussie is trading at the Resistance region of 0.8973-9000. A failure to strongly break above 0.900 may see the pair fall towards 0.8900-850 in the US session today. Though, if the pair breaks above the Resistance at 0.8973, it may move in the range of 0.8950-9050 in the coming sessions over today and tomorrow. Overall, we expect the pair to honour the Resistance in the region of 0.8973-9000 and move down towards 0.8850-900 in the coming days.