|USD-CHF @ 1.0302/06...Resistance in 1.0330-50 region|
|R: 1.0330-50 / 1.0400-20 / 1.0480|
S: 1.0280 / 1.0244 / 1.0210-00Swiss has risen from the day's low of 1.0252 and is now trading just above 1.0300. AS mentioned earlier Resistance is seen in 1.0330-50 region which we might expect to hold in the US session today. Note that the projected Max-High for the day is 1.0350. However, if 1.0350 is broken we might see 1.0400-20 on the upside once again. On the downside immediate Support is seen at 1.0244 (200-MA on the 4-hr chart) a break below which might pull it down towards 1.0200-1.0185.
|GBP-USD @ 1.6016/19...Falls sharply during the day|
|R: 1.6051 / 1.6089 / 1.6124|
S: 1.5982 / 1.5944 / 1.5804Cable has fallen sharply during the day. It is likely to fall further towards 1.5850 over the next couple of days. The 200-DMA having been breached, the pair may come down after some sideways movement towards the 55-week MA (1.5659). The sideways range that we are looking at is a broad 1.5850-1.6250. Once this range is broken, a fall towards the 55-week MA looks very likely. Once there, we might have to study for an even further fall on a confirmation of the double top formation on the weekly charts.
|AUD-USD @ 0.9146/50...Immediate Resistance at 0.9180|
|R: 0.9180 / 0.9230 / 0.9280|
S: 0.9120-00 / 0.9030 / 0.8870Aussie has risen from the day's low of 0.9099 and is continuing to trade higher. If it continues to trade higher, a break above the immediate Resistance at 0.9180 might take it up towards 0.9230. Note that the projected Max-High for the day is 0.9224. Any sharp downmove is not looking likely now. However, if the immediate Resistance at 0.9180 holds, the Support at 0.9100 might be tested once again. A strong break below 0.9100 might pull it down towards 0.9030.
Limit Buy Order:
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