USD-CHF @ 0.9132/35...Resistance in 0.9160-80 region
R: 0.9160-80 / 0.9250 S: 0.9110 / 0.9080
Dollar-Swiss failed to extend its downmove strongly below 0.9100 and has bounced back well from its low of 0.9090. It will have to be seen whether the pair gains upside momentum for further rise. The pair could find Resistance in 0.9160-80 region which could keep it pressured on the downside. We will have to wait and see what happens.
Holding: USD 10K Short at 0.9220, TSL 0.9155 (down from 0.9165), TP 0.9030 As soon as the market trades 0.9080 bring TSL down to 0.9120 and as soon as the market trades 0.9060 there after bring TSL further down to 0.9090
GBP-USD @ 1.5866/69...Can test the 200-DMA Resistance.
R: 1.5930 / 1.6000-30 S: 1.5850 / 1.5800-790 / 1.5750
Cable is rising well now after the BOE's decision to leave the interest rates unchanged and then to increase the bond purchase as per market expectation. A test of the 200-DMA (1.5931) is looking likely now. Also we would not be surprised to see the upmove extending further to 1.6000-30. ON the downside 1.5800-5790 is a good Support region which is expected to hold.
AUD-USD @ 1.0783/86...Buy dips
R: 1.0825 / 1.0880-900 S: 1.0750 / 1.0700-685
Aussie is finding Resistance near 1.0825. A dip to 1.0730-00 Support region looks likely once again. The bigger picture is bullish and this dip if seen can be considered for buying. Only a strong break below 1.0700 will bring in the downside pressure for the pair and will reduce the chances of an immediate rise.
Limit Buy Order: Buy AUD 10K at 1.0710, SL 1.0630, TP Open Happy Trading!