SwissUSD-CHF @ 1.0283/84...Resistance at 1.0350

R: 1.0325 / 1.0350-80 / 1.0430

S: 1.0275 / 1.0220-00 / 1.0120-00

Swiss has fallen from 1.0323. Failure to see a sharp move above 1.0300 is keeping up the pressure on the downside. Our view remains the same on the pair. On the upside Resistance is seen in the region 1.0350-80 which we expect to hold if any sharp upmove above 1.0300 is seen during the US session today. On the downside Support is seen in the region 1.0220-00. The overall picture continue to remain bearish and a break below 1.0200 might see 1.0120-00 on the downside in the coming days.

Limit Sell Order:
Sell USD 10K at 1.0350, SL 1.0430, TP Open

CableGBP-USD @ 1.5992/95...Bearish

R: 1.6000-30 / 1.6088-6100 / 1.6142-77

S: 1.5916-10 / 1.5850-30

Cable has fallen sharply during the day. It has immediate Support at 1.5916-10 and Resistance in the region 1.6000-30. If this Resistance is honoured, expect a fall towards 1.5850-30 during the US session. The Projected Max High and Low for the day is at 1.6088 and 1.5916 respectively.In the medium term, till Cable trades below the neckline of the SHS on the weekly, which is at 1.6210 now, look for a fall towards 1.56-55 over the next few days.Holding:
GBP 10K Short at 1.6090, TSL 1.6020, TP 1.5870
As soon as market trades 1.5910 (up from 1.5900), trail SL to 1.5970

AussieAUD-USD @ 0.9070/73...Support at 0.9000

R: 0.9080 / 0.9130 / 0.9220

S: 0.9000 / 0.8950 / 0.8900-0.8880

Aussie has risen from the low of 0.9019 and is now trading near the Resistance at 0.9080 mentioned earlier. As mentioned in the morning commentary, a strong break above this Resistance at 0.9080 might target 0.9200-30 over the next few days. With lack of strength on its downmove, the pair continues to remain bullish.On the other hand if the Resistance at 0.9080 holds, we might see a dip once again towards 0.9000 during the US session today. We might expect this Support to hold as the pair is not showing much strength on its downmove. However, a strong break below 0.9000 might pull it down towards the significant Support region 0.8900-0.8880.

Buy AUD 10K @ 0.8900, SL 0.8830, TP Open
As soon as the market trades 0.8960 after entry, trail SL up to 0.8915.