|USD-JPY @ 91.74/75... Might see 91.00-90.75 on the downside|
|R: 92.30-50 / 93.00 / 93.40-60|
S: 91.60 / 91.20 / 90.75Dollar-Yen has fallen sharply breaking below the Support at 92.50-35 and is now trading below 92, thereby reducing the chances of a rise towards 93.40-60. If it continues to trade below 92, we might see further downmove towards 91.00-90.75 in the coming sessions. On the upside Resistance is seen in 92.30-50 region which might hold during the day.
|USD-CHF @ 1.0272/75...Might dip towards 1.0220-00|
|R: 1.0303 / 1.0330-50 / 1.0375|
S: 1.0265 / 1.0220-00 / 1.0150Swiss has broken below the Support at 1.0280 mentioned earlier. The pair is keeping up the broader downtrend intact. If it continues to trade below 1.0300, we might see a downmove towards 1.0220-00 during the day. Ant sharp upmove is not looking likely now due to lack of upside momentum seen over the last few days. Resistance is seen in1.0330-50 region which we expect to hold during the day.
|AUD-USD @ 0.9140/43...Might rise further|
|R: 0.9180 / 0.9220 / 0.9280|
S: 0.9080 / 0.9040-10 / 0.8970Aussie is continuing to trade strong and has risen sharply as expected. If the current upside momentum continues, we might see further rise towards 0.9200-20 during the day. Any sharp dowmove is not looking lkely now. On the downside, immediate Support is seen at 0.9060 a strong break below which might pull it down towards 0.8970
Limit Buy Order:
Forex Trader Library
Receive over 15 hours (8 CD's) of our best Forex trading education in one package! Containing the newest Advanced Forex CD, this education pack focuses on exactly what you need to know to become a successful Forex Trader.