|USD-JPY @ 92.02/05...Resistance in 92.30-50 region|
R: 92.30-50 / 93.00 / 93.30-55
The Resistance region 92.30-50 held and Dollar-Yen fell in the US session yesterday as expected. However, it has risen in the Asian session today and is now trading just above 92. We expect the Resistance region 92.30-50 continue to hold during the day. Note that the projected Max-High for the day is 92.52. However, a strong break above 92.50 might see 93.00-20 on the upside. On the other hand, 91.20-00 is a good Support region seen on the downside which might be tested once again if the Resistance region (92.30-50) holds.
Limit Sell Order:
|USD-CHF @ 1.0339/44...Mixed as of now|
R: 1.0360 / 1.0400-30 / 1.0480
Swiss is oscillating in between the Support at 1.0330 and the Resistance at 1.0360 (21-DMA) in the Asian session today. As mentioned earlier a strong break above 1.0360 might take it up towards 1.0400-30. Note that the projected Max-High for the day is 1.0424. On the downside,a break below 1.0330 might test the Support at 1.0280 once again. Though the broader picture continue to remain bearish, as of now, the pair is looking mixed.
Limit Sell Order:
|AUD-USD @ 0.9147/50...Resistance at 0.9170|
R: 0.9170 / 0.9230-50 / 0.9330
The Support at 0.9100 mentioned earlier, held in the US session also and Aussie is continuing to trade above 0.9100. Immediate Resistance is seen at 0.9170, a strong break above which might see 0.9230-50 on the upside. Any sharp downmove is not looking likely now and we may expect it to continue trading above 0.9100 for some time. However, if the Resistance at 0.9170 holds and the pair gains downside momentum, a strong break below 0.9100 might pull it down towards 0.9020-00.
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