|USD-CHF @ 0.9090/93...Finding Resistance at 0.9100|
R: 0.9100 / 0.9130-50 / 0.9200
Dollar-Swiss saw a break below 0.9080 as we had expected and fell to a low of 0.9056. However, it has bounced back very well from its low 0.9056. But this bounce back move is facing Resistance now at 0.9100 and the pair is looking like coming off once again. The overall picture is still weak and we expect a test of 0.9000 on the downside in the coming sessions.
|GBP-USD @ 1.6185/88...Watch Support at 1.6170|
R: 1.6200 / 1.6300
Cable failed to see a strong break above 1.6200 and has come off from its high of 1.6207. Immediate Support seen at 1.6170 and while it holds we can see a rise to 1.6300+ levels in the coming sessions. On the other hand a break below 1.6170 can increase the chances of seeing a fall to 1.6100 which would reduce the chances of seeing an immediate rise to 1.6300+ levels. Having said this 1.6170 will now be an important level to watch and whether it holds or breaks will determine the further direction of move.
|AUD-USD @ 1.0371/74...Ranged|
R: 1.0400 / 1.0450
Aussie is ranged between 1.0350-0400. Technically the 200-MA on the 4-hr chart (currently at 1.0394) is restricting further rise. However, the pair is continuing to get Support near 1.0350 which is keeping alive the chances of seeing a break and rise above 1.0400 towards 1.0450. Incase if a break below 1.0350 is seen in the US session today, then the pair can dip to 1.0300.