USD-CHF @ 1.1662/65...Might test the Resistance at 1.1730-50 region
R: 1.17 / 1.1730-50 / 1.18S: 1.1640 / 1.16 / 1.1565-40
Dollar-Swiss has risen further as expected and recorded a high of 1.1696 in the European session today. The overall bullish sentiment is intact, we might expect further rise towards 1.1730-50 in the US session today. Some Resistance is seen at this 1.1730-50 region and we might expect a pull back from this Resistance region towards 1.16-1.1550. However, the overall broader picture continues to remain bullish and a strong break above 1.1750 might take the pair further up towards 1.18-19 in the coming sessions/days.
Limit Buy Order:Buy USD 10K at 1.1530, SL 1.1440, TP Open
GBP-USD @ 1.4335/38...Retaining the range (1.4220-4520)
R: 1.4375 / 1.4395-4405 / 1.4452S: 1.4235-20 / 1.41 / 1.40
Cable has bounced back from the day's low of 1.4258 is continuing to retain the range 1.4220-1.4520 in which it has been trading since last week. Our view remains the same on the pair. A breakout on either side of this range (1.4220-4520) would determine the further direction of move. Howeve, the broader picture looks bearish and so we might see more chance of a break on the downside of this range (1.4220-4520) and see further downmove towards 1.41-40 in the coming sessions/days.
Limit Sell Order:Sell GBP 10K at 1.4490, SL 1.4580, TP Open
AUD-USD @ 0.8121/24...Bearish
R: 0.8130-65 / 0.8220-30 / 0.8270S: 0.8060 / 0.80 / 0.79
Aussie fell sharply breaking below the significant Support at 0.8165-30 region mentioned earlie. It has bounced back from the low of 0.8066 and is now trading just above 0.81. If it continues to trade above 0.81 we might see some corrective rally towards 0.8230-50 in the coming session. However, the broader picture continues to remain bearish and we might see 0.80-0.79 on the downside in the coming sessions/days.
Limit Sell Order:Sell AUD 10K at 0.8220, SL 0.8310, TP OpenSell AUD 10K at 0.8290, SL 0.8340, TP Open