|USD-CHF @ 0.9127/30... Ranged with bearish bias|
R: 0.9180-9200 / 0.9245
Dollar-Swiss remains weak as expected and our view remains the same. The overall sideways move remains intact between 0.9200-20 on the upside and 0.9100-9080 on the downside. Within this range our bias is bearish and we expect a break and dip below 0.9080 towards 0.9000. Having said this we will continue to look to sell on rallies to 0.9200
Limit Sell Order:
|GBP-USD @ 1.6153/56...Bullish|
R: 1.6200 / 1.6280-300
Cable has risen above 1.6150 and is keeping up the bullish view intact. While above 1.6150 a rally to 1.6300 or even 1.6500 is on the cards now. Any sharp downmove is not looking likely and we expec the pair to continue to trade above 1.6100 in the coming sessions.
Limit Buy Order:
|AUD-USD @ 1.0293/96...Need to break above 1.0300 to ease the downside pressure|
R: 1.0300 / 1.0350 / 1.0400
Aussie has bounced back towards 1.0300. It needs to be seen whether it manages to rise past this important 1.0300 level or not. Failure to rise past 1.0300 will keep it pressured on the downside and it can increase the chances of seeing a break below its important Support at 1.0250. On the other hand a break above 1.0300 will ease the downside pressure and can take it further up towards 1.0350-400. We will have to wait and see what happens to this Resistance at 1.0300.