R: 1.0250-70 / 1.0330 / 1.0380
S: 1.0200-0180 / 1.0111 / 1.0008
The Resistance at 1.0280 mentioned earlier held during the day and Swiss has fallen sharply. It is now trading in the Support region 1.0220-00. As mentioned earlier, a break below this Support region, might see a dip towards 1.0120-00 over the next few days. Any sharp move on the upside is not looking likely now as the pair is looking strong on its downmove. However if 1.0200 holds, we might see a rise towards 1.0250-70. Strong Resistance is seen in this region 1.0250-70 and we expect it to hold in the US session today.
USD 10K Short at 1.0350, TSL 1.0290 (down from 1.0310), TP Open
As soon as the market trades 1.0175, bring the TSL down to 1.0240
R: 1.5867-72 / 1.5899-1.5921 / 1.6055
S: 1.5750 / 1.5700 / 1.5662
Cable had fallen towards 1.5706 during the day and has now once again bounced towards current levels. Continued rise is likely to be contained near 1.5875-80 as was mentioned in the morning where sellers are likely to pour in. Ultimate target of 1.55 looks good in the medium term. We look for an opportunity to enter into Short and continue to place the Limit Orders. The Projected Max High and Low for the day is at 1.5867 and 1.5662 respectively.
Limit Sell Order:
Sell GBP 10K at 1.5860 (down from 1.5880), SL 1.5930, TP Open
R: 0.9154-65 / 0.9200-30 / 0.9394
S: 0.9050 / 0.8980 / 0.8935-
15Aussie has broken and is trading slightly higher above the Resistance region 0.9080-96. As mentioned earlier, if it continues to trade above 0.9100, we might see a rise towards 0.9200-30 over the next few days. Any sharp downmove is not looking likely as the overall sentiment remains bullish. However, a break below 0.9080 might pull it down towards 0.9030-00.
Limit Buy Order:
Buy AUD 10K at 0.9000, SL 0.8925, TP Open