SwissUSD-CHF @ 0.9064/67...Sell rallies

R: 0.9135-55 / 0.9200-20
S: 0.9050 / 0.9000 / 0.8950

Dollar-Swiss is looking weak. Immediate Support is there at 0.9050 and a break below it can take it down towards 0.8950-00 in the coming week. On the upside 0.9135-55 is an important Resistance region and a strong break/close above this Resistance region if seen will ease the downside pressure a bit. Only a strong rise past the 0.9200-20 region will wipe out the downside threat. But an immediate strong rise is not looking likely. We expect the 0.9135-55 Resistance region itself to hold for some time. Also remember on the monthly chart there is a threat of seen 0.8715 on the downside.

Trade ideas for the week:
1) Sell rallies to 0.9130-50

CableGBP-USD @ 1.6281/84...Bullish

R: 1.6320 / 1.6420-40
S: 1.6200-180 / 1.6110

Cable has risen further last week and is keeping the overall bullish sentiment intact. Immediate Support is seen in 1.6200-180 region which can hold well this week. Also there is strong Support at 1.6109. On the upside 1.6320 is the immediate Resistance and a break above it can take it further up towards 1.6420-40. On the monthly chart the upside is open for a test of 1.6560. Dips can be bought this week. Watch if 1.6200-180 Support region holds and buy into a bonce from this Support region.

Trade ideas for the week:
1) Buy into bounce from 1.6200-180 Support region
2) Buy on dips to 1.6110

AussieAUD-USD @ 1.0452/55...Bullish

R: 1.0500 / 1.0570
S: 1.0400 / 1.0357 / 1.0320-00

The Support at 1.0250 has held well once again and the Aussie has risen sharply last week from its low of 1.0247. With the 200-DMA Support is at 1.0355 and then strong Support in 1.0320-00 the outlook is now bullish for a test of 1.0570 on the upside which is the next significant Resistance level to be watched. A strong rise above 1.0570 will open doors for a further rise to 1.0700-50. Any sharp downmove is not looking likely and we may expect Aussie to continue to trade above 1.0300 or even 1.0350 itslef.

Trade ideas for the week:
1) Buy on dips to 1.0300.
Happy Trading!