USD-CHF @ 0.9151/54...Ranged
R: 0.9200 / 0.9250-60
S: 0.9100 / 0.9060
Dollar-Swiss is retaining its 0.9100-200 range within its 0.9100-9250. Our view is the same. We will have to wait for a breakout on either side of this range to determine the further direction of move. As per our weekly view, we will be looking to sell on rallies to 0.9250.
Limit Sell Order: Sell USD 10K at 0.9250, SL 0.9330, TP 0.9065
GBP-USD @ 1.5737/40...Buy dips
R: 1.5750-70 / 1.5800 / 1.5850 S: 1.5700 / 1.5650 / 1.5600
Cable has bounced back well from its low of 1.5684. The 21-DMA (1.5691) and the 21-Week-MA (1.5693) is holding well as of now. The overall picture remains bullish. But since the pair is coming off from its high of 1.5770, the chances of seeing 1.5650 on the downside is still there. As mentioned in our weekly view, 1.5640 is a very good Support on the monthly chart which we expect to hold. A fresh bounce to 1.5750-5800 is possible from this Support near 1.5650. Dips to 1.5650 can be bought.
Limit Buy Order: Buy GBP 10K at 1.5650, SL 1.5575, TP 1.5800
AUD-USD @ 1.0724/27...Watch Resistance in 1.0730-50
R: 1.0730-50 / 1.0800 S: 1.0674 / 1.0620-00
Aussie dipped to a low of 1.0663 and has bounced back above 1.0700 now. The 100-MA on the 4-hr chart (currently at 1.0674) is holding well. This has reduced the chances of seeing 1.0620-00 on the downside. But, there is Resistance in 1.0730-50 region which now needs to be broken for the pair to rise further. While this 1.0730-50 Resistance holds, the chances of seeing 1.0620-00 will still be alive. We will have to wait and see what happens.
We exited the Short position entered at 1.0670 with a loss of 45 pips.