SwissUSD-CHF @ 0.9548/51...Bullish

R: 0.9578-9600 / 0.9715
S: 0.9400 / 0.9350 / 0.9300

Dollar-Swiss has found good Support near 0.9300 and has risen well last week. The overall picture remains bullish. Immediate Resistance is seen in 0.9575-0.9600 which includes the 100-Week-MA currently at 0.9582. A strong break above 0.9600 would target 0.9715 on the upside which is a significant Resistance seen on the monthly chart. With strong Support in the broad 0.9400-9300 region, the bigger picture looks very strong for a rise to test 0.9950-1.0000 on the upside. Having said this, dips to 0.9400-300 should be bought. But whether we will get a chance to see a dip to 0.9400-300 is the question. If 0.9600 holds, there could be chances of seeing 0.9400 atleast on the downside.

Trade ideas for the week:
1) Buy on dips to 0.9400 and add to this long if the fall continues further towards 0.9300

CableGBP-USD @ 1.5424/27... Bearish can fall to 1.5150-00

R: 1.5500 / 1.5645 / 1.5700
s: 1.5350 / 1.5300 / 1.5175-50

Although Cable still remains within its broad 1.5350-5800, failure to extend its upmove towards the upper end this sideways range last week keeps the pair pressured on the downside. The pull back last week has happend from near an important 1.5650-70 Resistance region on the weekly chart and this fall leaves high chances of seeing a downside breakout of this 1.5350-5800 sideways range. A strong break below 1.5350 can drag it down towards 1.5150-00 which is an important/strong Support region seen on the downside. As such we will be taking Short positions on the pair this week. But remember, this 1.5150-00 is a very strong Support region which is expected to hold on its first test atleast and a bounce back is possible. Having said this fall to 1.5150-00 can be considered for taking Long positions.

Trade ideas for the week:
1) Sell rallies to 1.5650
2) Sell on a break below 1.5350
3) Buy on dips to 1.5125

AussieAUD-USD @ 1.0171/74...Outlook not clear.

R: 1.0300 / 1.0380-400
S: 1.0200 / 1.0150 / 1.0100

The outlook for Aussie is not clear. It has found strong Resistance near 1.0400 and has come off sharply last week. This downmove can extend futher to 1.0150-00 this week. Whether the 1.0100 can be broken or not is what have to be seen. A break below 1.0100 if seen can take the pair further down to 1.0000-0.9980. On the upside 1.0380-0400 is an important Resistance region and a strong break above this Resistance region will have to be seen to wipe out the downside pressure. No trade ideas for the week as of now. We will watch how the pair moves during the week and take trade calls accordingly.

Happy Trading!