SwissUSD-CHF @ 1.0412/15...Might test Resistance in 1.0440-60 region
R: 1.0440-60 / 1.0510 / 1.0550
S: 1.0370-60 / 1.0330-00 / 1.0225

Swiss is continuing to trade above 1.0400 in a very narrow range of 1.0400-20 in the Asian session today. If it continues to trade above 1.0400 we might see a rise towards 1.0440-60 during the day. This 1.0440-60 region is a very significant Resistance region seen on the weekly chart. A weekly close above this Resistance region might reverse the overall downtrend. As of now the chances of a rise towards 1.0460 is looking high. On the downside Support is seen in 1.0330-00 region which we expect to hold during the day as the pair is not looking strong in its downmove. To see the Resistance on the USD-CHF Weekly graph click on the following link:

CableGBP-USD @ 1.6240/43...Ranged
R: 1.6261-70 / 1.6294-6315 / 1.6354-86
S: 1.6205 / 1.6093

Cable continued to oscillate around 1.6229 and has continued to close above 1.6229. Till the pair continues to trade in a range being seen over the last 6 days now, we would not look for a fall towards 1.60. Yesterday's data out of US did not have impact enough to make the pair break the range. We shall have to watch for today's FOMC, Housing Starts numbers, US Current Account. For the day, there's possibility of ranged trading between 1.6205 to 1.6324.

The Projected Max High and Low for the day is at 1.6423 and 1.6093 respectively.

AussieAUD-USD @ 0.8986/90...Immediate Support at 0.8960
R: 0.9000 / 0.9050-70 / 0.9140
S: 0.8960 / 0.8900 / 0.8840

Aussie has broken below the crucial Support at the 13-Week-MA (currently at 0.9053) and is now trading below 0.9000. Immediate Support is seen at 0.8965 which was tested in the early Asian session today. If it continues to trade below 0.9000, then a break below the Support at 0.8960 might pull it down towards 0.8900 or even lower. Any sharp upmove is not looking likely now. However, if the immediate Support at 0.8960 holds and the pair gains upside momentum, we might see a rise towards 0.9050-70 during the day.

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