USD-CHF @ 1.0864/67...Holding Long
R: 1.0912 / 1.0958S: 1.0817 / 1.0780 / 1.0738
As expected, the Support at 1.0780-800 has held strongly and Dollar-Swiss has moved up further in the European session today. We may see the pair move further towards 1.0910-20 in the US session today. There are chances that the pair may be ranged between 1.0800-950 for the next few sessions before a break on the either side.
Though we are bullish on the pair in the long run, there are distant chances that the pair may see 1.0680-700 on a break below 1.0780 in the coming days. However, if 1.0800 holds, the pair may an upmove towards 1.10 initially and then 1.11.
Holding Long:USD 10K Long at 1.0848, SL 1.0790 (up from 1.0720), TP 1.10
Limit Buy Order:Buy USD 10K at 1.0790, SL 1.0710, TP 1.10
GBP-USD @ 1.5080/83...May move up
R: 1.5125 / 1.5155 / 1.5200S: 1.5020-5000-4985 / 1.4952
Cable has fallen through out the Asian and the European session today. We may see the pair move up towards 1.5150-200 in the coming sessions over today and tomorrow. There as less chances of a sharp fall below the Support at 1.5018, the 21-week Moving Average. While this holds, we can see an intra-day rise towards 1.5150-55, where there is a trendline Resistance on the Daily, 3-Day and Weekly Candles. Please take a look at
However, in case the Resistance at 1.5150 is broken, a further rise to 1.52 or even 1.53 could take place. Chances are less, though.
AUD-USD @ 0.8574/77...May rise towards 0.8700
R: 0.8600 / 0.8671 / 0.8704-27S: 0.8566-55 / 0.8545-25 / 0.8475
As expected, Aussie fell in the Asian and the European session today. The pair may see some strong Support in the region of 0.8565-40, which may drive the pair towards 0.8700 in the coming sessions over today and tomorrow. Note that 0.8563 is the 38.2% retracement of the fall from 0.9366 (12-Apr) to 0.8071 (20-May). The Aussie has weakened in the overall strengthening of the US Dollar and Jap Yen. However, it does not appear to be as vulnerable as the Euro or the Pound.