USD-CHF @ 1.1583/86...Ranged

R: 1.16 / 1.1660-80 / 1.1750-70 S: 1.1500-1.1480 / 1.469 / 1.1435Dollar-Swiss is ranged between 1.15-16. As no significant move on either side was not seen during the day, our view remains the same on the pair. Immediate Resistance is seen at 1.16 and a strong break above it might take the up towards 1.1750-70 in the coming sessions. Note, 1.1765 is a significant Trendline Resistance level (Trendline drawn by joining the 2003 and 2008 highs on the weekly candles) seen on the weekly candles.However, if 1.16 holds, we might see a pull back once again towards 1.15-1.1470 which is a significant Support region seen on the downside. Note 1.1469 is the 55-Month-MA which held very well during the sharp fall witnessed in the US session yesterday.


GBP-USD @ 1.4645/50...Support at 1.46

R: 1.4720-40 / 1.4790-4815 / 1.4835 S: 1.4645 / 1.46 / 1.4580Cable has come off from the day's high of 1.4770 and is now trading below 1.47. We got stopped out of our short position entered at 1.4680 losing 60 pips. If it continues to trade below 1.47 we might see a dowmove towards 1.46 in the US session today. As mentioned earlier, 1.46 is a significant Support level seen on the downisde which if broken might pull the pair further down towards 1.45. On the other hand if 1.46 holds, we might see a bounce back once again towards 1.4750-48 in the coming sessions. As mentioned earlier 1.4790-4815 is the significant Resistance region to watch for on the upside.


AUD-USD @ 0.8337/40...Might dip to 0.8200-0.8170

R: 0.8370-8400 / 0.8430 / 0.8485 S: 0.83-0.8280 / 0.8220-00 / 0.8170Aussie has been narrowly ranged between 0.8275-8375 since the Asian session today. With no significant movement on either side seen during the day, the overall bearish sentiment is continuing to remain intact and as mentioned earlier, we might see further dip towards 0.8200-8170 in the coming sessions. On the upside Resistance is seen at 0.8370-0.84 region which is expected to hold in the US session today.Limit Sell Order: Sell AUD 10K at 0.8370, SL 0.8460, TP 0.8170 Happy Trading!