Swiss USD-CHF @ 0.9970/73...Bearish

R: 1.00 / 1.0050-75 / 1.0130
S: 0.9920 / 0.9875-50 0.9755

Swiss traded below 1.00 during the day. It has broken and is trading just below the Support at 0.9975. The overall downtrend is intact and as mentioned earlier we might expect a dip towards 0.9875-50 in the coming days. Any sharp upmove is not looking likely now and we may expect it to trade below 1.00 in the US session today. However, if the pair gains upside momentum, then a strong break above 1.00 might take it up towards the Resistance in 1.0050-75 region. We expect this Resistance in 1.0050-75 region to hold if any sharp rise above 1.00 is seen in the US session today.

Cable GBP-USD @ 1.6642/45...Resistance at 1.6720

R: 1.6682 / 1.6720-25 / 1.6815
S: 1.6622 / 1.6550-10

Cable has slipped a bit after rising towards 1.6721 during the day. Till the Resistance at 1.6720, we would expect the pair to fall towards 1.6550 if not lower during the US session. Immediate Support of 1.6625 once surpassed would lead to a fall towards 1.6550 or even lower during the US session. On a break of 1.6510, chances of an eventual fall towards 1.63 would increase. Teh Projected Max High and Low for the day is at 1.6815 and 1.6531 respectively.Holding:
GBP 10K Short at 1.6648, SL 1.6725, TP Open

Aussie AUD-USD @ 0.9288/91...Support in 0.9230-00 region

R: 0.9300 / 0.9330 / 0.9380-0.9400
S: 0.9270 / 0.9230-00 / 0.9180

Aussie broke above 0.9300 during the day. However, failing to sustain on its upmove it has fallen from the high of 0.9322 and is now trading just below 0.9300. With immediate Support at 0.9270 and lack of strenght on its downmove, we may expect a strong break above 0.9300 in the coming sessions and see a rise towards 0.9350-0.9400 over the next few sessions/days.On the other hand, if 0.9300 holds, a break below the immediate Support at 0.9270 might pull it down towards the Support seen in 0.9230-00 region. We expect this Support in 0.9230-00 region to hold as the pair is not showing much strength on its downmove.Happy Trading!