R: 1.0330-50 / 1.0380 / 1.0420
S: 1.0220-00 / 1.0175 / 1.0120-00
Swiss is continuing to trade lower. Any strong upmove is not looking likely now. Resistance is seen in the region 1.0330-50 which we expect to hold if any upmove breaking above 1.0300 is seen in the US session today. Note that the projected Max-High for the day is 1.0333.
On the downside Support is seen in the region 1.0220-00, a break below which might see 1.0120-00 over the next few days.
Limit Sell Order:
Sell USD 10K at 1.0330, SL 1.0405, TP Open
R: 1.6059 / 1.6083 / 1.6231-44
Cable rose towards 1.6047 only to be sold sharply. Small upmoves are being followed with sharper slides. The Supports and Resistances mentioned in the morning continues to look good to be honoured going forward. The 55-MA on the 8H at 1.6183 could be the max that the pair may scale before it falls sharply towards 1.57 and even 1.54 (the S-H-S target). It might be ranged over the next few sessions if any significant movement is not seen. And the range could possibly be 1.5850-1.6080. But one must be prepared to Short near the 55-MA on the 8H if seen, hence we continue with the Limit Sell. The Projected Max Low for the day was at 1.5891 which has been breached.
Limit Sell Order:
Sell GBP 10K at 1.6170, TP 1.6230, TP Open
R: 0.8930-50 / 0.8970 / 0.9040-60
S: 0.8800-0.8780 / 0.8730 / 0.8700-0.8680
Aussie traded in a very narrow range of 0.8850-82 during the day. As no significant move on either side was not seen during the day, our view remains the same on the pair. The over all sentiment continues to remain bullish. If it gains upside momentum from the current levels, we might see a rise towards 0.8930-50 in the coming sessions.
On the downside Support is seen in the region 0.8800-8780. As the overall sentiment continues to remain bullish, we expect this Support region to hold during the US session. However, a break below 0.8780 might see 0.8700-8680 on the downside.
Limit Buy Order:
Buy AUD 10K at 0.8700, SL 0.8630, TP Open