|USD-CHF @ 0.9240/43...Ranged|
R: 0.9300 / 0.9400
Dollar-Swiss remains in between 0.9200-300. With no significant move seen on either side during the day, our view remains the same. We will have to wait for a breakout on either side of 0.9200-9300. The bigger picture is bullish for a target of 0.9400-9500. Whether the rise will happen from here itself or a test of 0.9100-9000 can be seen before a further rise is the question. We will have to wait and see.
Limit Buy Order:
|GBP-USD @ 1.5707/10...can test the Range Resistance at 1.5800|
R: 1.5750 / 1.5800 / 1.5850
Cable is managing to trade above 1.5700 but is not gaining upside momentum to extend its upmove further strongly. With the pair continuing to trade above 1.5700, we see good chances of testing 1.5800, the upper end of the 1.5500-5800 sideways range in which the pair has been trading for some time. The overall picture remains weak and we expect the range Resistance to hold and a pull back is possible. As such we will be looking to go Long on rallies to 1.5800.
Limit Sell Order:
|AUD-USD @ 1.0295/98...Watch Resistance at 1.0300|
R: 1.0300 / 1.0375 / 1.0410
AUssie has risen towards its important Resistance at 1.0300. It needs to be seen whether it manages to break above 1.0300 or not. A strong break above 1.0300 can take the pair further up towards 1.0400. While 1.0300 continues to holds, then the pair will continue to trade sideways in between 1.0200-300.
Stop Loss Buy Order: