Swiss USD-CHF 1.0569/72...May go down 

R: 1.0615-35 / 1.0700 / 1.0824 S: 1.0471 / 1.0400-384 / 1.0348

Dollar-Swiss moved up to touch a high of 1.0602 in the European session today and is currently trading lower.We see good chances of the pair honouring the Resistance at 1.0600-30 followed by a downmove towards 1.0500-450 in the coming sessions over today and tomorrow. The projected max high and max low for the day is 1.0612 and 1.0471 respectively.

Overall, the range of 1.0400-600 is expected to continue and we would recommend buying near 1.04 levels and selling near 1.06 levels till we see the markets break this range going forward.

Holding: USD 10K Short at 1.0588, SL 1.0660, TP 1.0480

Limit Buy Order: Buy USD 10K Long at 1.0400, SL 1.0335, TP Open Buy USD 10K Long at 1.0450, SL 1.0365, TP Open

Cable GBP-USD @ 1.5548/51...200 DMA at 1.5555 

R: 1.5555-60 / 1.5600 / 1.5635 S: 1.5487-66 / 1.5400 / 1.5345

Cable has moved up in the Asian and the European seesion today to touch a high of 1.5546. The pair is near important Resistances on the Daily (200 DMA at 1.5555) and the 4-hourly charts (1.5549) which should hold followed by a dip towards 1.5400-350 in the coming sessions over today and tomorrow.

However, a rally from here may take it towards 1.5600-50 immediately, we see good chances of the Resistance holding.In the long term, we see good chances of the pair honouring the double bottom on the monthly charts and moving up towards the 1.60 figure in a couple of months.Holding: GBP 10K short at 1.5480, SL 1.5570, TP 1.5350

Market Trade (at the time of writing): Sell GBP 10K at current levels, SL 1.5650, TP Open

Aussie AUD-USD 0.9054/57...May move up slowly

R: 0.9093 / 0.9150 / 0.9190 S: 0.9000-8976 / 0.8932 / 0.8862-42

As expected Aussie moved up in the Asian and the European session today. The pair has moved above some short-term Resistances on the 4-Hourly, the Daily and the Weekly charts, but is near a Trendline Resistance on the Monthly charts at 0.9093, which is still holding.

Please note that we still have 4 days left for the month to be over and we may expect the markets move up to see a high of 0.9150-75 (ie a false rise above 0.9093, the Trendline Resistance on the Monthly charts), where it may be a good sell, followed by a dip towards 0.9050-00, by the end of this week. Happy Trading!