|USD-CHF @ 0.9196/99...Watch Resistance at 0.9250|
R: 0.9250 / 0.9330 / 0.9400
Dollar-Swiss is not gaining upside momentum for a strong rise past 0.9200. We see significant Resistance at 0.9250 and while it holds, there could be good chances of seeing 0.9000 on the downside. Also while below 0.9250, the chances of the downmove extending further to 0.8900 cannot be ruled out. Support is seen near current levels in 0.9200-9170 region and a break below 0.9170 would trigger the fall to 0.9000. On the other hand, a strong break above 0.9250 can take it up towards 0.9400-500.
|GBP-USD @ 1.5651/54...Strong Resistance in 1.5750-80 region|
R: 1.5750-80 / 1.5805-30 / 1.5950
Cable is finding good Resistance in 1.5750-80 region. Note 1.5750 is the 100-Week-MA. While below this 1.5750-80 Resistance region, the outlook remains bearish and the downside is open for a fall to 1.5250 or even lower. Intermediate Support is seen in 1.5550-20 region and then in 1.5450-25 region. A strong break below 1.5425 can trigger a fall to 1.5250.
Limit Sell Order:
|AUD-USD @ 1.0246/49...Bullish|
R: 1.0300 / 1.0350 / 1.0400
Aussie saw a strong rise last week and is now consolidating between 1.0200-300. Immediate Support is seen at 1.0200 and then significant Support is seen in 1.0110-0080 region. Also we see a good Wedge formation on the daily chart whose Support is also seen near 1.0200. Having said this, there could be good chances of the pair to continue to trade above 1.0200 and a rise to 1.0400-50 is possible in the coming sessions. We will be looking to go long on dips to 1.0200.
Limit Buy Order: