|USD-CHF @ 0.9238/41...Watch Support at 0.9200|
R: 0.9250 / 0.9300 / 0.9400
The sharp rise towards the high of 0.9296 after a less than expected consumer prices data release could not sustain on the upside and the Dollar-Swiss has come off from its high. 0.9200 can be tested in the US session today. Whether 0.9200 holds or not is what will have to be seen now. While it holds, a test of 0.9300 is possible once again. On the other hand a break below 0.9200 can take it down towards 0.9100 and it will also keep alive the chances of seeing 0.9000 on the downside. We will have to wait and see what happens to this Support at 0.9200.
|GBP-USD @ 1.5622/25...Ranged with bearish bias|
R: 1.5650-70 / 1.5700 / 1.5750
Cable is not gaining follow through selling below 1.5600. At the same time it is also not gaining upside momentum as well. Our view remains the same. The pair is ranged between 1.5575-5725 over the last couple of days. With Strong Resistance in 1.5700-50 region,the overall outlook remains bearish and the downside is open for a fall to 1.5250 or even lower. We will be looking enter Short on rallies to 1.5750.
Limit Sell Order:
|AUD-USD @ 1.0225/28...Buy dips|
R: 1.0250 / 1.0300 / 1.0350
Aussie has risen well above 1.0200. Broadly the pair is ranged between 1.0150-1.0330 over the last few days. The immediate outlook is mixed. We will have to wait for a breakout of this sideways range. The broader picture looks bullish. The downmove even on a downside breakout of this range below 1.0150 could be restricted to 1.0100 as we see strong Support at this level. Dips to 1.0100 can be bought. On the upside a strong break above 1.0330 can take it up towards 1.0400 or even 1.0500.
Limit Buy Order: