USD-CHF @ 1.0419/22...Holding long
R: 1.0500 / 1.0535-60 / 1.0627S: 1.0400 / 1.0350 / 1.0300
We continue to hold the same view on the pair which we had in the morning.
As expected Dollar-Swiss went down to touch a low of 1.0401 in the US session yesterday. The pair tested our much awaited Support at 1.0400 and is currently trading higher. While above 1.0400, it may move up towards 1.0500-600 in the coming sessions over today and tomorrow. However, in event of the pair breaking below 1.0400 we may see it go down to 1.0350-300 today, though we see very less chances of this move. The suggested max high and max low for the day is 1.0561 and 1.0300 respectively.
In the bigger picture, we are still bullish on the pair with chances of a rise past 1.10-11 in the coming weeks.
Holding Long:USD 10K Long @ 1.0403, SL 1.0345 (up from 1.0315), TP Open
GBP-USD @ 1.5375/78...Ranged near term...Bullish long term
R: 1.5487 / 1.5519 / 1.5625S: 1.5350 / 1.5270 / 1.5220
As expected, Cable moved down to touch a low of 1.5357 in the European session today and is currently trading higher. We may now see the pair move in the range of 1.5350-450 in the US session today, followed by another rally towards 1.5500-600 in the coming days. There are less chances of the pair breaking strongly below 1.5350 in the coming sessions over today and monday.
AUD-USD @ 0.8775/78...Strong Resistance at 0.8800
R: 0.8803 / 0.8870-80 / 0.8975S: 0.8710-690 / 0.8640-20 / 0.8550
Aussie is continuing to trade below the 55 Week MA in the Asian and the European sessions today. The pair may be a good sell at current levels with high chances of a down move in the coming sessions over the next couple of days. We see a rounding top evident on the daily charts, which may pull the pair towards 0.8600-50 in the coming days.
In the longer term we are bearish on the pair with chances of fall towards 0.8500-400 in a couple of weeks.
Holding Short:AUD 10K Short at 0.8770, SL 0.8860 TP Open
Limit Sell Order:Sell AUD 10K at 0.8810, SL 0.8870 TP Open