USD-CHF @ 0.9212/15...Ranged with bearish bias
R: 0.9225 / 0.9263 S: 0.9180 / 0.9120
Dollar-Swiss dipped to a low of 0.9161 and has bounced back from there. However, it is not gaining upside momentum to extend its upmove strongly above 0.9200. This keeps the pair pressured on the downside. Broadly the pair still retains its 0.9100-9260 sideways range. We will have to wait for a breakout of this sideways range. Within this range our bias is slightly bearish as the monthly and weekly charts are looking weak. But SNB's intervention is one thing that needs to be seen. In the absence of the SNB, the pair is expected to remain pressured on the downside.
Limit Sell Order: Sell USD 10K at 0.9220, SL 0.9310, TP 0.9030 Sell USD 10K at 0.9255, SL 0.9325, TP 0.9030
GBP-USD @ 1.5806/09...Buy dips
R: 1.5840 / 1.5936 S: 1.5760-45 / 1.5700
Cable is trading sideways between 1.5790-5840 now. The overall view remains bullish with strong Support in 1.5775-50 region. A rise to test the 200-DMA Resistance (currently at 1.5936). Also the chances of this upmove extending further to 1.6000-30 cannot be ruled out. Having said this dips to 1.5775-50 Support region can be bought.
Limit Buy Order: Buy GBP 10K at 1.5760, SL 1.5680, TP 1.5920
AUD-USD @ 1.0771/74...Buy dips
R: 1.0820 / 1.0850 S: 1.0750-35 / 1.0700
Aussie failed to rise past 1.0800 strongly and has dipped below 1.0700. We see good Support in 1.0750-35 region and then near 1.0700. The overall view remains bullish and dips to 1.0750-00 can be bought. If a strong break below 1.0700 is seen, then the downmove can extend further to 1.0650-00. But the chances of seen this fall could be less. Limit Buy Order: Buy AUD 10K at 1.0760, SL 1.0670, TP 1.0845 Buy AUD 10K at 1.0700, SL 1.0640, TP Open Happy Trading!