USD-CHF @ 1.1458/61...Buy dips
R: 1.1500 / 1.1565-90 / 1.1620-40 S: 1.1450 / 1.1408 / 1.1350
Dollar-Swiss has come down and is currently trading below 1.1480. We may see the pair fall further towards 1.1400 over the coming sessions today. Having said this, we would still prefer to be out of the markets immediately, and would want to enter longs at lower levels ie 1.1400-350, in anticipation of a rise towards 1.1550-650 in the coming sessions over the next few days.
Overall we are bullish on the pair with an expected rise towards 1.19-20 in the coming weeks.
GBP-USD @ 1.4540/43...Bearish
R: 1.4592 / 1.4640-60 S: 1.4500 / 1.4450 / 1.4370-51
Cable has moved up to touch a high of 1.4548 in the European session today. We may see the pair come down towards 1.4400 in the coming sessions over today and tomorrow. We see less chances of any further rally beyond 1.4550 on the pair today.
Overall, we are bearish on the pair with an expected fall towards 1.4250-100 in the next few weeks.
AUD-USD @ 0.8330/33...Mixed immediately...Bearish medium term
R: 0.8350 / 0.8383 / 0.8430 S: 0.210-30 / 0.8149 / 0.8100
Aussie has moved up in the Asian and the European session today. We see the pair rise towards 0.8400. However, the picture for the next 3-4 days remain bearish with chances of seeing 0.8150-100. However, strong break above 0.8400 may prove us wrong with a rise towards 0.8500 by end of this week.
In the coming weeks, we see the possibility of a fall towards 0.7700 in case of a strong break below 0.8100.