Swiss USD-CHF @ 1.0520/23...Support at 1.0480

R: 1.0561 / 1.0622 / 1.0699 S: 1.0486 / 1.0400

Dollar-Swiss went up to test the Resistance at 1.0560 in the Asian and the European session today followed by a dip below 1.0550. If the pair is unable to strongly break above the immediate Resistance at 1.0550 it may see new lows in the coming sessions over today and tomorrow. However, there are chances that the pair may be ranged in the region of 1.0480-600, in case it again finds support at 1.0480 on a fresh dip today.

Market Trade (at the time of writing): Sell USD 10K at current levels, SL 1.0580, TP Open

Cable GBP-USD @ 1.5148/51...Bullish

R: 1.5310 / 1.5350-70 / 1.5470 S: 1.5094 / 1.5050-20 / 1.4983

The pair has moved down to touch a low of 1.5122 in the European session today, but has recovered and is currently trading above 1.5150. While above 1.5150, the pair may move up towards 1.5250-300 in the coming sessions over today and tomorrow. However, a deep fall below 1.5100 may bring it towards 1.5050-00 in the coming sessions, though we see less chances of this fall.

Overall, we are bullish on the pair with high chances of going up towards 1.5400 in the coming days.

Market Trade (at the time of writing): Buy GBP 10K at current levels, SL 1.5060, TP Open

Aussie AUD-USD @ 0.8752/55...Mixed

R: 0.8811 / 0.8870-80 / 0.8975 S: 0.8640-20 / 0.8580 / 0.8540-20

Aussie has been trading in a range of 0.8761-23 in the European session today. The pair may be ranged in the followed by a dip on the pair in the next few sessions. However, a strong break above the (a) 200 MA Resistance (0.8748) on the 8-hourly charts and (b) a trendline Resistance on the weekly charts, may take it towards 0.8800-50 in the coming sessions over today and tomorrow. We are not very sure of the immediate movement on the pair and do not recommend any trade. Happy Trading!