USD-CHF @ 1.1752/55...Moving up slowly within channel


R: 1.1789 / 1.1855 / 1.1890
S: 1.1723 / 1.1690 / 1.1665

Dollar-Swiss continues to creep up. It may creep up further towards 1.1850-55 over today-tomorrow, before running into selling near there.

Overall, Dollar-Swiss appears to be ranged between 1.1500-1850 for the next few days. The last few days has seen it creep up from a low of 1.1465 on 20-Feb, going up one day, coming down the next and going up again the day after. There is a clear channel visible on the Daily Candles, which has a slight upward slope. The market is likely to stick to this channel for the next several days. Take a look at

GBP-USD @ 1.4188/93...Might rally within overall downtrend


R: 1.4261 / 1.4301

S: 1.4110 / 1.4010

The Pound has dipped a little more today, within its overall downtrend. It is testing the 1.42-41 Support region, which might hold over today-tomorrow. If it does hold, there could be chances of seeing a bounce/ rally towards 1.44, maybe even 1.45-46. In case of a straight break below 1.41, look for a fall towards 1.39-38.

The Bank of England is also scheduled for Thursday, where a 50bp cut is expected to take the BOE rate to 0.50%. Take a look at

AUD-USD @ 0.6347/50...Support at 0.6300


R: 0.6390 / 0.6428-44 / 0.6466-85

S: 0.6300 / 0.6246

The Aussie has good Support at 0.6300 on a rising trendline, as can be seen on Daily Candles on the following page:

While this Support holds (as it has done today), there could be chances of an upmove towards 0.6500 over the course of the week. A fall below 0.63 is not anticipated immediately. But, if it happens, a dip towards 0.6245 could be seen.

Happy Trading!