USD-CHF @ 1.1085/88...The 55-DMA Resistance (1.1141) holding
R: 1.1141 / 1.1200-20 / 1.1245-50 S: 1.1090-80 / 1.0975 / 1.0935
The 55-DMA Resistance (currently at 1.1141) continued to hold in the Asian and the European session today. We may see the pair move in the region of 1.1100-200 in the coming sessions over today and tomorrow on a break slightly above 1.1140, before a fall towards 1.0950-00 in the coming sessions over the next few days. Though, a failure to see a strong break above the 55-DMA Resistance may bring the pair towards 1.10-1.0950 in a couple of days.
GBP-USD @ 1.4745/48...Might dip to 1.4650-00
R: 1.4750 / 1.48 / 1.4880-1.4900 S: 1.4650 / 1.46 / 1.4530
Cable is continuing to trade lower and is retaining the downside pressure. With immediate Resistance at 1.4750 we might expect further downmove in the coming sessions. With lack of upside momentum we expect Cable to continue to trade below 1.48 and see a downmove towards 1.4650-00 in the coming sessions.
Holding: GBP 10K Short at 1.4880, TSL 1.4810 (down from 1.4840)1.4970, TP Open As soon as the market trades 1.4680 bring TSL down to 1.4780, and as soon as the market trades 1.4650 bring TSL further down to 1.4750
AUD-USD @ 0.8777/80...55-DMA Resistance at 0.8820 holding
R: 0.8820 / 0.89 / 0.8950 S: 0.87 / 0.86 / 0.8550
The pair has not moved much since morning and we continue to hold our morning view on the pair.
Aussie failed to see a strong break above 0.88 and is not keeping up its upside momentum. Also the 55-DMA (currently at 0.8820) is restricting further rise over the last couple of day. Support is seen at 0.87 and a strong break below it might pull it further down towards 0.8600-8550 in the coming sessions/days. We expect the 55-DMA Resistance to continue to hold. However, a strong break above 0.8820 might test the 21-Week MA Resistance which is currently at 0.89.