USD-CHF @ 0.9175/78...Ranged

R: 0.9185-200 / 0.9250-60 S: 0.9120-00 / 0.9060

Dollar-Swiss remains silent. The broader 0.9100-9250 sideways range remains intact. While below 0.9200, a test of 0.9120-00 on the downside is possible. A break below 0.9100 can take it further down towards 0.9060. The rally failed to extend to trigger our Limit Buy order. However, will still wait sell only near the upper of the range.

Limit Sell Order: Sell USD 10K at 0.9250, SL 0.9330, TP 0.9065

GBP-USD @ 1.5706/09...100-DMA Support holding well

R: 1.5750-60 / 1.5780 / 1.5800 S: 1.5677 / 1.5650-40 / 1.5600

Cable fell to a low of 1.5675 during the day and has bounced back once again. Technically the 100-DMA (currently at 1.5677) has held very well. It will have to be seen whether the pair can sustain well above 1.5700 or not. A break below the 100-DMA can take it down once again to its important 1.5650-40 Support region and this time the chances of seeing a break below the 1.5650-40 would be high as the pair had failed to sustain above 1.5700. This break below 1.5640 if seen can drag the pair further down to 1.5600 or even 1.5550. We will have to wait and see what happens.

We booked a profit of 35 pips from the Long position entered at 1.5650.

AUD-USD @ 1.0760/63...Resistance at 1.0780 holding

R: 1.0780 / 1.0825 S: 1.0700-680 / 1.0639

The Resistance at 1.0780 mentioned in our Morning comments is holding well and is restricting the pair from further rise. While below 1.0780, a pull back to 1.0700-680 is possible now. The overall picture is bullish and the pair might continue to trade above 1.0700, but the pair needs to see a strong rise past 1.0780 for further rally. we will have to wait and see what happens. the 21-DMA (currently at 1.0639) is the important Support level seen below 1.0680. Dips to this 21-DMA can be bought.

Limit Buy Order: Buy AUD 10k at 1.0650, SL 1.0570, TP 1.0880 Happy Trading!