Swiss USD-CHF 1.0443/47...Ranged with a bullish bias

R: 1.0500 / 1.0550 / 1.0590 S: 1.0400-384 / 1.0348 / 1.0313

Dollar-Swiss is continuing to honour the important Support in the region of 1.0400-384 since the US Session yesterday. The pair has been moving in a very narrow range of 1.0400-50 and may not see any significant movement till the much awaited Euro Stress Test results, later today. We see higher chances of it going up in the US session today. However, a break below 1.0400 (less chances) may see the pair dip towards 1.0350-00 today.

In the longer term we continue to remain bullish on the apir with chances of rise towards 1.0900-10 inthe coming weeks / months.

Market Trade (at the time of writing): Buy USD 10K at current levels, SL 1.0410, TP Open

Cable GBP-USD @ 1.5424/27...Resistance in 1.5480-5500 region

R: 1.5480-5500 / 1.5564 / 1.5700 S: 1.5300 / 1.5240 / 1.5180

Cable has risen sharply breaking above 1.5300 and is now trading above 1.54. Furthe rise towards 1.5480-5500 is looking likely. The 21-Month-MA is at 1.5487 which might hold the rally. We expect the pair to trade below 1.55 and might see a pull back from this Resistance region (1.5480-5500). However, a strong break above 1.55 might take the pair further up towards 1.5550-70 in the coming sessions. Note that the 200-DMA is at 1.5564.

Limit Sell Order: Sell GBP 10K at 1.5480, SL 1.5570, TP

Aussie AUD-USD 0.8941/45...Strong Resistance in the 0.8941-75 region

R: 0.8941-64 / 0.9016 / 0.9114 S: 0.8825 / 0.8770-50 / 0.8720-00

We continue to hold our morning view on the pair.

AUSSIE has been trading above 0.8900 in the US session yesterday and the Asian session today. The pair has some important Resistances in the 0.8940-75 region and we see high chances of the pair honouring these Resistances and coming down towards 0.8850-8800 in the coming sessions over today and monday. The markets have a trendline Resistance (0.8941) on the weekly charts and 200 MA Resistance (0.8964) on the Daily charts. However, in case the pair breaks these Resistances, it may go up towards 0.9000-50 next week.

Please note that in case the pair closed below 0.8900 today, there will be high chances of the pair moving down towards 0.8600-500 in the coming days.

Market Trade (at the time of writing): Sell AUD 10K at current levels, SL 0.8990, TP Open Happy Trading!