SwissUSD-CHF @ 0.9170/73...Bullish. But might dip before further rise

R: 0.9180 / 0.9225 / 0.9350
S: 0.9120-00 / 0.9050-40 / 0.9000

Dollar-Swiss has found strong Resistance at 0.9225 and it fell sharply in the final trading sessions of last week. However, the Support at 0.9100 has held well and sharp bounce was seen from the low of 0.9084. Immediate Resistance is seen at 0.9180 which is holding today as of now. The broader picture is still bullish and a strong rise past 0.9225 can take it further up to 0.9400 or even 0.9500. But there chances of seeing a dip to 0.9100-9050 or even 0.9000 before a rise to 0.9400. We will have to wait and see what happens.

Holding:
USD 10K Long at 0.9150, TSL 0.9155 (up from 0.9070), TP 0.9480

Trade ideas for the week:
1) Buy dips to 0.9050
2) Look to enter Long if bounce happens from 0.9100 itself

EUR-CHF (1.2390) is not gaining strength to rise past the 55-Week-MA Resistance (currently at 1.2432). Significant Support is seen at 1.2324 (8-Week-MA) and then the important 200-DMA Support is at 1.2250. Dip to the 200-DMA Support if seen can be considered for taking Long position. Watch if the downmove extends below the 200-DMA. If so we might look to add to the Longs near 1-2200. Strong Support is seen in 1.2200-2180 region.

Trade ideas for the week:
1) Buy on dip to 1.2250
2) Add to the Long if the downmove extends to 1.2200. Stop should be below 1.2180 for both the lots.

CableGBP-USD @ 1.5749/52...Bearish while below 1.5900

R: 1.5840-50 / 1.5870-5900 / 1.6000
S: 1.5700-5670 / 1.5600 / 1.5500

Cable broke its 1.5870-6150 sideways range on the downside last week and fell sharply to test its important Support at 1.5700. This Support at 1.5700 held well and a sharp bounce back rally was seen. However, this bounce back rally failed to see a strong rise past the Support-turned-Resistance at 1.5870. With significant Resistance in the broad 1.5850-5900 region, Cable looks bearish for a fall to 1.5500. A strong break below 1.5700 would trigger this fall.

Holding:
GBP 10K Short at 1.5840, TSL 1.5795 (down from 1.5895), TP 1.5620

AussieAUD-USD @ 0.9970/67...Bearish while below 0.9100-50 Resistance region.

R: 0.9100 / 0.9150-75 / 0.9230
S: 0.9975 / 0.9900 / 0.9860

Aussie fell sharply last week and is looking weak. Although a strong fall below parity was not seen last week, the pair has found strong Resistance at 1.0100 which has restricted well the bounce back move from the low of 0.9964. It has dropped below parity once again. We see 1.0100-50 to be a strong Resistance region on the upside which is expected to hold and an immediate test of 0.9900-9860 is possible this week. 0.9860 is an important Support level and a strong break below it can take the pair further down to 0.9750-00.

Trade ideas for the week:
1) Sell rallies to 1.0100-50.
Happy Trading!