|USD-CHF @ 1.0241/45...Ranged with bearish bias|
|R: 1.0300 / 1.0330-60 / 1.0420|
S: 1.0220-00 / 1.0175 / 1.0130Swiss is still retaining the range of 1.0240-85 in which it has been trading since the US session yesterday. Our view continue to remain the same on the pair. On the upside Resistance is seen at 1.0300 a break above which might take it up towards the significant Resistance seen in 1.0330-60 region. Note that the pair failed to see strong break above 1.0300 in its attempts made over the last couple of days. As the broader picture continue to remain bearish we expect this Resistance region (1.0330-60) to hold and might expect a pull back from this Resistance region. On the downside 1.0220-00 region and 1.0175 are the significant Support levels seen.
Limit Sell Order:
|GBP-USD @ 1.6287/90...Consolidating|
|R: 1.6394-6402 / 1.6449-77 / 1.6542|
S: 1.6282-76 / 1.6148 / 1.6079Cable rose above the Resistance at 1.6326 and recorded a high of 1.6338. It has come down since then. However, all this within a very thin trading range through the day. Today's amplitude has been 79 pips. It possibly is gathering strength for an upmove having fallen towards the bottom of the channel on the daily. Else, a fall could lead to test a 1.59 over the next few days.
The Projected Max High and Low for the day is at 1.6449 and 1.6148 respectively.
|AUD-USD @ 0.9172/75...Mixed|
|R: 0.9180-0.9200 / 0.9280 / 0.9330|
S: 0.9120-00 / 0.9030 / 0.8980Aussie is continuing to trade in the range of 0.9140-75. As no significant move on either side was not seen during the day, our view remains the same on the pair. A break above 0.9200 might see a rise towards 0.9280-0.9300. As much strength is not seen in its downmove we expect the Support in 0.9120-00 region to hold. However, a break below 0.9100 might pull it down towards 0.9020-00. Overall we expect it to trade in the range of 0.9000-0.9300 for some time.