|USD-CHF @ 0.9430/33...Watch Support in 0.9400-9390 region|
R: 0.9480-500 / 0.9550 / 0.9600-30
It was a surprise and sharp fall in the Dollar-Swiss today from 0.9547 to 0.9404. The SNB's move to leave the rates and the EUR-CHF fixing rate unchanged triggered this sharp fall. The pair is now trying to bounce back from its low now. Support is seen in 0.9400-9390 region and it needs to be seen whether this Support region continues to hold or not. A break below this Support region can take it further down towards 0.9350-00. On the upside, 0.9500 will now be a significant Resistance level to be watched and the pair needs to see a strong rise past this Resistance to ease the downside pressure.
We got stopped out of the Long positions entered at 0.9510 and 0.9480 losing a total of 140 pips.
|GBP-USD @ 1.5510/13...Important Resistances ahead|
R: 1.5550 / 1.5600-20
Cable is not gaining strength to rise sharply above 1.5510. Sigificant Resistance is seen at 1.5550 and then in 1.5600-20 region. Only a strong rise past 1.5620 will ease the downside pressure. We expect the pair to remains pressured on the downside and we expect the Resistance in 1.5550 to hold in a bounce is seen in the US session today. On the downside 1.5400 will be an important Support level to be watched and a strong break below it will be very bad for the pair and it can drag it down to 1.5200-100.
Limit Sell Order:
|AUD-USD @ 0.9920/23...Resistance in 0.9915-35 region holding now|
R: 0.9935 / 1.0000-20
The Resistance in 0.9915-35 region mentioned in our Morning comments is holding well as of now. While this Resistance region continues to hold, the pair is expected to remain pressured on the downside and the downside is open for a fall to 0.9800-9780. On the other hand if a strong break above 0.9935 is seen in the coming sessions, then we might see a sharp rise to 1.0000-20 on the upside. We will have to wait and see what happens.
AUD 10K Short at 0.9910, SL 0.9985, TP 0.9790