USD-CHF @ 1.1393/97...Range 1.1360-1.1550 for day

R: 1.1448 / 1.1513 / 1.1591

S: 1.1350-45 / 1.1303

There's not much of a difference in the view that we held in the morning about Swiss. We continue to feel that the range of 1.1360-1.1550 looks good. But if ISM Manufacturing Data were to throw up some surprises and if this range were to break, we could be looking for 1.1170 on the downside and 1.1591 on the top and in all likelihood, the range of 1.1170-1.1591 should be good for several days going forward. We would maintain our Limit Orders on Swiss.

Limit Buy Order:

Buy USD 10K at 1.1380, SL 1.1320, TP 1.1480

Limit Sell Order:

Sell USD 10K at 1.1530, SL 1.1570, TP 1.1400

Cable GBP-USD @ 1.4407/09...Could rise towards 1.47-48

R: 1.4437 / 1.4515-26 / 1.4700

S: 1.4330 / 1.4287 / 1.4217

Cable rose during the day today and recorded 1.4411 as the High where it found Resistance from the 13-week MA. A further rise may be seen during the day towards 1.4500. As we have been mentioning that the pair has been moving in somewhat regular waves over the last few months which suggests that Cable could be in for a rise towards 1.47-1.48 over the next few days to few weeks.

Aussie AUD-USD 0.6942/45...Resistance at 0.6973

R: 0.6973 / 0.7003 / 0.7227

S: 0.6881-68 / 0.6780 / 0.6712

Aussie has risen and could next be attempting the Resistance at 0.6973 which is the 23.6% fibonacci retracement of the rise from 0.6007 to 0.7272. A rise past this could possibly increase chances of a rise towards 0.75 over the next several days. Overall, Aussie has been consolidating between 0.60 to 0.75 over the last several months and this is likely to continue for this month as well.

We continue to retain the orders of the morning.

Limit Buy Order:

Buy AUD 10K at 0.6800, SL 0.6750, TP 0.6950

Limit Sell Order:

Sell AUD 10K at 0.6970, SL 0.7000, TP 0.6890