R: 1.0290 / 1.0317
S: 1.0200-0185 / 1.0155
Bearish for 1.00
over the next couple of weeks while the market trades below 1.0320. Immediate Support at 1.02 has to break for the bearishness to become entrenched again. Before that, there is a 50-50 chance of a small rally towards 1.03 over today-tomorrow, or at least 1.0260.Limit Sell Order:
Sell USD 10K at 1.0260, SL 1.0350, TP Open
USD 10K Short at 1.0220, SL 1.0310, TP Open. As soon as the market trades 1.0170, bring SL down to 1.0220.
R: 1.6570 / 1.6670
S: 1.6250 / 1.6150 / 1.6000
Trend is unclear for the week. From one point of view, things look bullish, but they look potentially bearish from another point of view. Overall, we may look for a range of 1.60-65 for a couple of weeks. No trades.
R: 0.9100-20 / 0.9190 / 0.9230-50
S: 0.8970-50 / 0.8920 / 0.8870
Overall bullish on the Aussie, as mentioned in the morning, for eventual rise towards 0.9150-9200. Support seen between 0.8950-00. Immediate Resistance for the Day seen at 0.9140. While this holds, there could be chances of seeing a dip towards 0.8950-00 tomorrow. This is because the market has factored in a 25bp rate hike by the RBA tomorrow. As such, we have to allow for some disappointment in case the RBA says, Next time. We'll be looking to go Long on the dip near 0.8950 after the RBA meeting tomorrow.