"Swiss"USD-CHF @ 0.8011/14...Immediate outlook Mixed

R: 0.8025 / 0.8050 / 0.8100
S: 0.8000-7990 / 0.7900

Dollar-Swiss dipped below 0.8000 during the day, but has bounced back from 0.7990. Although our broader bearish view still remains intact, the immediate outlook is mixed as the pair remains indecisive over the last couple of days as in which direction to move. We will have to wait and see what happens.

 

Holding:
USD 10K Short at 0.8015, SL 0.8055, TP 0.7935
As soon as the market trades 0.7980 trail SL to 0.8010

"Cable"GBP-USD @ 1.6319/22...Resistance in 1.6350-60 region holding well

R: 1.6350-60 / 1.6400 / 1.6435-50
S: 1.6300 / 1.6250-40 / 1.6200

The Resistance in 1.6350-60 region held very well during the day and Cable fell from its high of 1.6365 to a low of 1.6294. Our view remains the same. A further dip to 1.6280-60 is possible while below 1.6350-60. Only a strong break above the 1.6350-60 Resistance region will ease the downside pressure.

 

Holding:
GBP 10K Short at 1.6330, SL 1.6370, TP 1.6270
As soon as the market trades 1.6290 trail SL to 1.6320 and as soon as the market trads 1.6280 there after bring TSL down to 1.6310

"Aussie"AUD-USD @ 1.1029/32...Might break below 1.10

R: 1.1075 / 1.1100-20
S: 1.10 / 1.0950

Aussie has come off once again from its high of 1.1075. A revisit of 1.10 looks likely in the coming sessions. Failure to continue the bounce back from 1.10 now leaves high chances of seeing a break below 1.10 which would open doors for a test of 1.0950 on the downside in the coming sessions. However, the bigger picture is still bullish and the chances of seeing 1.1100-20 on the upside is still alive.

 

Happy Trading!