|USD-JPY @ 88.85/88...Immediate Resistance at 89.00|
|R: 89.00 / 89.40-65 / 90.30|
S: 88.50-30 / 87.70 / 87.30Dollar-Yen is continuing to trade below 89 in between the Support at 88.20-00 region and the Resistance at 89. A strong break above 89, might take it up towards 89.50-75 during the day. Note that the projected Max-High for the day is 89.63. On the other hand, Support is seen in 88.50-30 region. If the immediate Resistace at 89 holds, a break below 88.30 migth pull it down towards 87.70-50
|USD-CHF @ 1.0331/35...Holding Short|
|R: 1.0350-65 / 1.0430 / 1.0470|
S: 1.0300 / 1.0255-30 / 1.0220-00Swiss is trading flat since the US session yesterday in a very narrow range of 1.0310-35. Our view continue to remain the same on the pair as no significant move on either side was not seen. Resistance is seen in 1.0350-65 which we expect to hold as the broader picture continue to remain bearish. However, if it continues to trade above 1.0300 and gains upside momentum, a strong break above this Resistance region (1.0350-65) might increase the chances of further rise towards 1.0450-70 in the coming sessions/days.
On the downside, a break below 1.0300 might pull it down towards 1.0220-00. Remember, the pair traded above 1.0200 most part of the last week.
|AUD-USD @ 0.9129/33...Mixed|
|R: 0.9150-60 / 0.9230-50 / 0.9280|
S: 0.9064 / 0.9020-00 / 0.8980Aussie has fallen from the high of 0.9166 in the Asian session today and is trading slightly lower now. If it continues to trade lower we might see a downmove towards the Support at the 13-Week-MA (0.9064). As mentioned earlier, this 13-Week-MA is a crucial Support level to watch for on the downside which is holding the pair above 0.9000 over the last couple of weeks. A strong break below this 13-Week-MA might pull it down towards 0.9000-0.8980.
On the other hand Resistance is seen in 0.9150-60 region. If the pair gains upside momentum a strong break above 0.9160 might take it up towards 0.9230-50. Overall the pair is looking mixed now and we may expect it to trade in a range of 0.9000-0.9300 for the rest of the year.
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