USD-CHF @ 0.9064/67...Threat of falling to 0.8970-50 or even lower now
R: 0.9080-100 / 0.9150 / 0.9200 S: 0.9040 / 0.9000 / 0.8970-50
Dollar-Swiss has broken its 0.9080-150 sideways range on the downside and fell to a low of 0.9036. Although it is bouncing back from its low, we need to see whether it can rise past its 0.9080-9100 Support-turned-Resistance region or not. Failure to rise above 0.9100 now would keep it pressured on the downside and a further fall to 0.8970-50 or even lower is on the cards now.
Holding: USD 10K Short at 0.9058, SL 0.9135, TP 0.8970 As soon as the market trades 0.9030 bring SL down to 0.9105 and as soon as the market trades 0.9010 trail SL to 0.9055
GBP-USD @ 1.5717/20...Can rise further
R: 1.5730 / 1.5750-70 / 1.5800 S: 1.5700 / 1.5650-40Cable has risen above 1.5700 thereby easing the downside pressure. While above 1.5700, the pair can now rise further towards 1.5750-5800 in the coming sessions. A pull back if seen from 1.5750-70 region then it needs to be watched if that pull back is breaking and extending below 1.5700 or not. Overall while above 1.5700 there is no immediate threat on the downside.
Holding: GBP 10K Long at 1.5650, TSL 1.5670 (up from 1.5655), TP 1.5775 As soon as the market trades 1.5725 bring TSL up to 1.5685 and as soon as the market trades 1.5750 trail SL to 1.5715
AUD-USD @ 1.0695/98...Can see 1.0750-800 on a strong rise above 1.0700
R: 1.0700-20 / 1.0750 / 1.0800 S: 1.0650 / 1.0600
Aussie has risen further and is now oscillating near 1.0700. As mentioned in our Morning comments, a strong rise past 1.0700 is need to ease the downside pressure. A strong rise above 1.0700 can see 1.0750-0800 on the upside. If a dip towards 1.0600 is seen then we will be looking to go long once again.
Holding: AUD 10K LOng at 1.0650, TSL 1.0675 (up from 1.0665), TP 1.0915 As soon as the market trades 1.0720 bring TSL up to 1.0685 and as soon as the market trades 1.0735 there after bring TSL further up to 1.0700
Limit Buy Order: Buy AUD 10K at 1.0625, SL 1.0565, TP 1.0750