|1722 IST or 1152 GMT or 0752 EST|
|USD-CHF @ 1.0627/29...Immediate Resistance at 1.0630|
|R: 1.0630 / 1.0700-20 / 1.0740-50 |
S: 1.0600 / 1.0550-30 / 1.0370-50
The intermediate Resistance at 1.0630 mentioned in the morning held during the day and Swiss traded in a narrow range (1.0595-1.0630) during the day. As no significant move on either side is not seen during the day, our view on the pair continues to remain the same. A strong break above the intermediate Resistance at 1.0630 might see a rise towards 1.0700, the upperend of the range (1.0530-1.0700) in which it has been trading since last week. On the downside a break below 1.0600 might see a downmove towards 1.0550-30.
|GBP-USD @ 1.6368/70...Bullish|
|R: 1.6403-06 / 1.6440-70 / 1.6570|
S: 1.6310 / 1.6268 / 1.6220-00
Cable has consolidated with an upward bias through the day and has recorded a high of 1.6373. The view is the same as was mentioned in the morning and is reiterated below:
|AUD-USD @ 0.8436/39...Might test the significant Resistance region 0.8450-70|
|R: 0.8450-70 / 0.8512 / 0.8696|
S: 0.8400-8380 / 0.8300-00 / 0.8250-30
Aussie has risen slightly during the day and is now trading near the singinficant Resistance region 0.8450-70. If the current upside momentum continues, a strong break above this Resistance region (0.8450-70) might trigger a rise towards 0.8600-50 in the coming days. SUpport is seen in the region 0.8400-0.8380, a break below which might see a downmove towards 0.8330. We expect it to trade above 0.8300 as the overall picture continues to remain bullish.