|USD-CHF @ 0.9185/88...Might test 0.9120-00|
R: 0.9200 / 0.9230-50
As expected, Dollar-Swiss fell sharply below 0.9200 during the day and is now bouncing back from its low of 0.9140. Note that the 100-MA on the 4-hr is currently at 0.9136. Now we need to see whether the pair can bounce back above 0.9200 or not. While below 0.9200, a test of 0.9120-00 is possible in the coming sessions. 0.9120-00 is a strong Support region seen on the downside. But we also need to see what would be the chances of seeing a break and further fall below 0.9100 towards 0.9000. While below 0.9200 the chances of seeing 0.9000 cannot be completely ruled out. We will have to wait and see what happens.
We booked a profit of 65 pips from the short position entered today at 0.9205
|GBP-USD @ 1.5621/24...Might test 1.5700|
R: 1.5650 / 1.5700 / 1.5750
Cable continued to trade above 1.5500 and has risen towards 1.5650 as expected. The high recorded so far is 1.5656. If the pair can sustain above 1.5600, there are good chances that this upmove could extend further to 1.5700-50 in the coming sessions. This 1.5700-50 is a good Resistance region and we will be looking to take Short positions in this Resistance region.
We booked a profit of 50 pips from the Long position entered at 1.5520
Limit Sell Order:
|AUD-USD @ 1.0020/22... Important Resistance at 1.0100|
R: 1.0080-100 / 1.0200 / 1.0300
Aussie has risen further as expected. A sharp rise to 1.0077 was seen during the day and the pair has come off from its high now. A pull back to 1.000-0.9950 is possible now while below 1.0100. The overall outlook is bullish while above 0.9900. On the upside 1.0100 will be an important Resistance level to be watched and a strong break above this Resistance will open doors for further rise to 1.0300-50 going forward.