USD-CHF @ 1.0629/32...Ranged
R: 1.0699 / 1.0765-90 / 1.0820-50 S: 1.0600-580 / 1.0486 / 1.0400
We continue to hold our view which we had in the morning for Dollar-Swiss.
Dollar-Swiss is honouring the 200-DMA Support (1.0621) and the 55 Week MA Support (1.0628) from the past few sessions. The pair may be ranged in the coming sessions over today and tomorrow, followed by an upmove later in the week. We see less chances of the pair breaking below these Support levels in the coming days.
GBP-USD @ 1.5139/42...Buy dips
R: 1.5160-80 / 1.5220-30 / 1.5345 S: 1.5050-20 / 1.4983 / 1.4940-20
Cable is trading below 1.5150 in the European session today. The pair may dip towards 1.5050, before we see a rise towards 1.5300-50 later this week. However, a fall below 1.5050 may pull it towards 1.4900 in the coming days, though we see more chances of 1.5050 holding.
Limit Buy Order: Buy GBP 10K @ 1.5080, SL 1.4990, TP Open
AUD-USD @ 0.8406/09...Sell rallies
R: 0.8420-35 / 0.8530-55 / 0.8600 S: 0.8350 / 0.8320-00 / 0.8230-20
Aussie has come down to trade below 0.8400 in the European session today. The pair may see some good Resistance near 0.8320-00 region, break below which may take it towards 0.8200-150 in the coming days. However, a bounce from 0.8300 may again bring it towards 0.8400-50 in the coming sessions over today and tomorrow, though we see less chances of an immediate bounce on the pair.
Overall, we are bearish on the pair and would prefer selling rallies rather buying dips.
Limit Sell Order: Sell AUD 10K @ 0.8430, SL 0.8510, TP Open Happy Trading!