R: 1.0240-60 / 1.0300-20 / 1.0425-50
S: 1.0200-0175 / 1.0100 / 1.0047-39
Swiss has fallen from the day's high of 1.0279 and recorded a low of 1.0209. The view on the pair continue to remain the same. On the downside Support is seen in the region 1.0200-0175 a break below which might pull it down towards 1.0100. On the upside significant Resistance is seen in the region 1.0300-20 which we expect to hold in the US session as the overall picture continue to remain bearish.
R: 1.6235-55 / 1.6300 / 1.6330-50
S: 1.6120-00 / 1.6088 / 1.5696
Cable has fallen sharply during the day and is now trading just above 1.6200. If it continues to trade lower we might see it moving down towards 1.61, the lower end of the broad range (1.61-67) mentioned earlier. If the pair is to retain the range then we might see a rise once again from the lower end of the range (1.6100). Having said that, tomorrow's close will have to be watched for as it would play a significant role in the S-H-S formation on the weekly chart mentioned earlier. With the broad range (1.61-67) on one side and the S-H-S formation on the other side, we would like to be cautious and watch the market.
R: 08750-75 / 0.8828 / 0.9038
S: 0.8700-8690 / 0.8650-30 / 0.8590
Aussie has risen during the day. However it is still trading below the significant Resistance region 0.8750-75. As mentioned earlier a strong break above 0.8675 might see a rise towards 0.8850-8900 in the coming sessions/days. Any sharp move on the downside is not looking likely now. However, if the Resistance region (0.8750-75) holds, we might see a downmove towards 0.8700 where some Support is seen. A further move breaking below 0.8700 might see 0.8650-30 on the downside.Limit Buy Order:
Buy AUD 10K at 0.8655, SL 0.8575, TP 0.8830