SwissUSD-CHF @ 0.9100/03...Buy dips

R: 0.9150 / 0.9200 / 0.9250
S: 0.9050 / 0.9000 / 0.8945

The Resistance at 0.9150 continued to hold during the day and the Dollar-Swiss has dropped towards 0.9100 as expected. The chances of seeing 0.9050-00 on the downside is very high now and as mentioned in our morning comments, we will be looking to buy on dips to 0.9000 as the long term outlook remains bullish.

Limit Buy Order:
Buy USD 10K at 0.9025, SL 0.8935, TP Open
Buy USD 10K at 0.8975, SL 0.8915, TP Open

CableGBP-USD @ 1.5730/33...Can break 1.5800?

R: 1.5750 / 1.5800 / 1.5900
S: 1.5650 / 1.5600 / 1.5500

Cable fell during the day as expected and recorded a low of 1.5637. But the pair has bounced back well from its low and is now trading above 1.5700. A test of 1.5750-5800 looks likely once again. Also failure to extend its downmove strongly below 1.5650 now leaves greater chance of seeing a break above 1.5800 which can take it futher up to 1.5900-6000 even. We are just stepping back for a while and just want to watch how the pair moves for the next few session before taking further trades.

We booked a total profit of 135 pips from the Short positions entered at 1.5735 and 1.5700.

AussieAUD-USD @ 1.0238/41...Bullish

R; 1.0300 / 1.0330-50 / 1.0400
S: 1.0150 / 1.0100-0080 / 1.0000

Aussie dipped to a low of 1.0151 and has bounced back from there sharply well above 1.0200. The overall bullish view remains intact and a rise to 1.0350-0400 looks likely in the coming sessions. Failure to see a strong break above 1.0300 will keep the chances of seeing 1.0100 on the downside alive and if we get a chance to see a sharp dip to 1.0100 then we will be going Long.

Limit Buy Order:
Buy AUD 10K at 1.0100, SL 1.0010, TP 1.0500
Happy Trading!