SwissUSD-CHF @ 0.9480/83...Bullish

R: 0.9500 / 0.9540-50 / 0.9600
S: 0.9440 / 0.9400 / 0.9300

Dollar-Swiss failed to sustain the break below 0.9440 and is now bouncing back from the low of 0.9429. The overall bullish sentiment remains intact for a test of 0.9500-50 or even 0.9600-30. The pair is not showing much downside momentum. As such the downside is expected to be limited. We expect the pair to continue to trade above 0.9400.

CableGBP-USD @ 1.5490/93...can test 1.5420-00 on the downside

R: 1.5520 / 1.5550 / 1.5600
S: 1.5420-00 / 1.5300 / 1.5200

Cable failed to sustain the break above 1.5500 during the day and has come off from its high of 1.5531. The overall picture remains weak and a test of 1.5420-00 on the downside looks likely. As mentioned in our Morning comments, a strong break below 1.5400 will be very bad for the pair as it would open doors for further fall to 1.5200-5100. On the upside significant Resistance is seen near 1.5550 and only a strong break above this Resistance will ease the downside threat a bit.

We booked a profit of 90 pips from the Short position entered at 1.5600.

Limit Sell Order:
Sell GBP 10k at 1.5520, SL 1.5585, TP 1.5420

AussieAUD-USD @ 0.9988/91...Resistance in 1.0030-50 region holding well

R: 1.0030-50 / 1.0100-20
S: 0.9950 / 0.9920

The Resistance in 1.0030-50 region is holding well and Aussie is coming off from its high of 1.0045 thereby keeping alive the chances of testing 0.9950-20 on the downside. Remember, 0.9921 is the 21-Month-MA Support level and a strong break below it would open doors for a further fall to 0.9650-00 going forward. we will have to wait and see what happens.

Limit Sell Order:
Sell AUD 10K at 1.0030, SL 1.0120, TP 0.9930
Sell AUD 10K at 1.0080, SL 1.0145, TP 0.9740
Happy Trading!