R: 1.0320 / 1.0350-65 / 1.0410
S: 1.0257 / 1.0120-00
Swiss has fallen sharply after testing the Resistance at 1.0350 and is looking to move once again towards 1.0220. A break of this Support may call for a further fall towards 1.0100 over the course of next few days. The Resistance region at 1.0350-65 has held several times since the 3rd of October and hence increasing the importance of this Resistance making the pair even more bearish. The bearish would be at question only on a break of this Resistance.
The Projected Max High Low for the day is at 1.0257.
USD 10K Short at 1.0350, TSL 1.0330 (down from 1.0430), TP Open
R: 1.5849 / 1.5874-88 / 1.5920-60
S: 1.5750-22 / 1.5600 / 1.5550
Cable fell sharply after rising towards 1.5880 during the day. Though it has fallen even before testing the Resistance at 1.5920-60, but chances of a fresh rise towards 1.5920-60 if not higher may be seen before an eventual dip towards 1.56-55 over the next few days.
The S-H-S on the weekly continues to keep the pair lower targeting 1.54 over the next few weeks.
Limit Sell Order:
Sell GBP 10K at 1.5880, SL 1.5930, TP Open
Sell GBP 10K at 1.5960, SL 1.6030, TP Open
R: 0.9080-96 / 0.9165 / 0.9200-30
S: 0.9037 / 0.9008 / 0.8952
Aussie has risen sharply from a low of 0.8985. The view is still bullish for a rise towards 0.9200-30 in the next few sessions after a comprehensive break of 0.9080-96 Resistance region.If, however, the Resistance continues to hold, the pair may correct a little and may come down near 0.9000. However, not much participation is seen as US is on a holiday today. The Projected Max Low for the day is at 0.8952.