USD-CHF @ 0.9180/ 82...Support 0.9150. Resistance 0.9200.
R: 0.9200 / 0.9240-57
S: 0.9158-35 / 0.9126-02
Quiet day today. There is Resistance at 0.9200. It also has Support in the 0.9150-40 region, which was earlier a resistance. A rise past 0.9200-30 on the upside will change the medium-term trend and suggest a rise towards 0.9400 later in the month.No good trade comes to mind, so we are staying out.
GBP-USD @ 1.5724/ 27...Bearish?
R: 1.5745-5800 / 1.5730-40
S: 1.5718 / 1.5650-35 / 1.5600
Our Limit Sell Order at 1.5760 was missed by a couple of pips. In the morning we'd said that a break below 1.5718 (21-week MA) could lead to losses towards 1.5600, or lower. However, the Support at 1.5718 is holding as of now. Between the Euro and the Pound, the Pound appears to be weaker.Limit Sell Order:
Sell GBP 10K at 1.5770, SL 1.5810, TP Open
AUD-USD @ 1.0566/ 68...Resistance 1.0600. Support 1.0500.
R: 1.0585-95 / 1.0625 / 1.0650-65
S: 1.0515-00 / 1.0487 / 1.0465
The Aussie dipped to 1.0500 during the day, but did not see follow-through selling and has bounced back a bit instead. From here, a rise past 1.0585-95 would be very bullish. Else, failure to rise past 1.0600 could still lead to a fall below 1.0500, towards 1.0400. No trades at the moment.Happy Trading!