SwissUSD-CHF @ 1.0277/80...Resistance-turned-Support in 1.0220-00 region
R: 1.0310 / 1.0330-50 / 1.0370
S: 1.0220-00 / 1.0175-50 / 1.0120

Swiss is trading in a range of 1.0230-0300 since the US session yesterday. The Resistance-turned-Support in 1.0220-00 region is expected to hold during the as the pair is not showing much strength on its downmove and we might see a rise towards 1.0330-50 in the coming sessions. Note that the projected Max-High for the day is 1.0352. Any significant move on the downside is not looking likely now. However, a break below 1.0200 might pull it down towards 1.0175-0150. Note that the projected Max-Low for the day is 1.0162.

The SNB meet is scheduled today and it is expected to leave the rates unchanged at 0.25%.

Limit Buy Order:
Buy USD 10K at 1.0240, SL 1.0160, TP 1.0320

CableGBP-USD @ 1.6251/55...Support at 1.6167-50
R: 1.6320-45 / 1.6394 / 1.6442-67
S: 1.6167-50 / 1.6124

Cable's rise yesterday was contained at 1.6375 and then the pair drifted down towards 1.6188. No clear indication seems to be emerging at the moment. The fact that it has managed to close above 1.6220 yesterday, there are still hopes that the pair might take a breather before being pounced upon next year. We shall have to see if it continues to trade ranged through the rest of the year between 1.6150-1.6700 as being suggested by the weekly candle chart. The overall sentiment is bearish only with targets of 1.59 and 1.56 therafter.

To see the trendline Support on the weekly candles, click on the following link:

AussieAUD-USD @ 0.9128/31..Support at 0.9100
R: 0.9160-70 / 0.9200 / 0.9280
S: 0.9100-0.9080 / 0.9030 / 0.8980

Aussie has risen in the early Asian session following the unemployment rate release which showed a fall of 5.7% from 5.8%. However, it has fallen from the high of 0.9170 and is now trading just above the 55-DMA (currently at 0.9110). The better economic data has left high chances of futher interest rate hike which is keeping the broader bullish sentiment on the pair intact. Immediate Support is seen at 0.9100. If it holds we might see a rise towards the Resistance at 0.9200. A strong break above 0.9200 might see 0.9280-0.9300 on the upside. Overall we may expect it to trade in the range of 0.9000-0.9300 for some time.

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