R: 1.0380-0400 / 1.0430 / 1.0480
S: 1.0320-00 / 1.0260 / 1.0220-00
The Support region 1.0320-00 mentioned earlier held during the day. However a strong upmove was not seen during the day and Swiss is trading in a narrow range of 1.0320-45 for sometime. As no significant move on either side was not seen during the day, our view continue to remain the same. If the Support region 1.0320-00 continues to hold and the pair gains upside moemntum we might see a rise towards 1.0380-0400 in the US session. Note that the projected Max-High for the day is 1.0401.
On the downside a break below 1.0300 might see 1.0220-00 on the downside. The overall sentiment continues to remain bearish.
R: 1.6074-99 / 1.6200 / 1.6232-40
S: 1.5949-22 / 1.5865 / 1.5734
Cable has risen towards 1.6024 during the day. There's no difference in view since the morning. We quote our view as mentioned in the morning for reference.
Cable is still in a downtrend following the S-H-S confirmation targeting 1.50-51 theroetically and 1.55-56 realistically. There's Support at 1.5574 (55-week MA) and 1.5441 (200-DMA) for the week. Look for some stability near 1.55-1.56 region. In the near term, may rise towards 1.61 or 1.62 and then come down towards the longer term supports in the 1.55-56 region. Shorts near 1.61 and 1.62 can be attempted.
Limit Buy Order:
Sell GBP 10K at 1.6075, SL 1.6120, TP Open
As soon as market trades 1.6030 after entry, bring SL down to 1.6080
Sell GBP 10K at 1.6170, SL 1.6230, TP Open
As soon as the market trades 1.6090 after entry, bring SL down to 1.6160
R: 0.8780-0.8800 / 0.8830-50 / 0.9061
S: 0.8710-00 / 0.8670 / 0.8630
After falling and recording a low of 0.8717 initially during the day, Aussie has risen slightly now. If it continues to trade above 0.8700, we might see a rise towards the significant Resistance region 0.8830-50 in the coming sessions/days. A break above this Resistance region (0.8830-50) might see 0.8920-50 on the upside over the next few days. Failure to see a break below 0.8700 is keeping the bullish sentiment alive. Any sharp move on the downside is not looking likely now. However, a break below 0.8700 might pull it down towards 0.8650-30 in the US session today.