|USD-CHF @ 0.9105/08...Important Support near current level|
R: 0.9150 / 0.9225 / 0.9300
Contrary to our expectation, Dollar-Swiss fell sharply during the day breaking below its 0.9175-50 Support region. Important Support is seen near current levels at 0.9100 and while it holds, there are good chances of seeing a fresh upmove towards. On the other hand a break below 0.9100 could take it further down towards 0.9000.
We got stopped out of the Long position entered at 0.9180 losing 50 pips.
|GBP-USD @ 1.5864/67...can test 1.5900-20 on the upside|
R: 1.5900-20 / 1.6000
Cable has risen sharply breaking above 1.5800. It is now trading just above the 200-MA on the 4-hr chart (1.5864). While above this 200-MA, a further rise to 1.5900-20 is possible in the coming sessions. However, a pull back below 1.5850 can take it down to 1.5800. It will have to be seen whether the pair can sustain and close above 1.5800 for the week today.
We got stopped out of the Short position entered at 1.5775 losing 90 pips.
|AUD-USD @ 1.0087/90....watch Resistance at 1.0100|
R: 1.0100 / 1.0150 / 1.0200
Aussie failed to sustain below 1,0000 and has risen sharply during the day. Resistance is seen near current levels at 1.0100 and it will have to be seen whether the pair can rise pas this Resistnace or not. A strong rise past 1.0100 can take it further up to 1.0150-0200. However, failure to rise past 1.0100 can pull the pair once again down to 1.0000-0.9975. We will have to wait and see what happens.
We got stopped out of the Short positions entered at 1.0000 and 0.9980 losing a total of 170 pips