|USD-CHF @ 0.9150...Can test 0.9200|
R: 0.9150 / 0.9200
Dollar-Swiss is continuing to remain higher and is on the verge to break above the immediate Resistance at 0.9150 as per our expectation. 0.9200 can be tested in the coming sessions and we expect this Resistance at 0.9200 to hold and a pull back is possible from this Resistance at 0.9200. As such we will be looking to sell on rallies to 0.9200.
Limit Sell Order:
|GBP-USD @ 1.6178...Buy dips|
R: 1.6200 / 1.6250 / 1.6300-30
Cable is continuing to trade lower below 1.6200. With no significant move seen on either side during the day, our view remains the same. The 1.6160 and 1.6210 sideways range remains intact. Although the Support near 1.6150 is holding well the pair is still not gaining strength to rise past 1.6200 strongly and while below 1.6200, a test of 1.6100 on the downside cannot be ruled out. 1.6120-00 is a very strong Support region which we expect to hold and we might see a bounce back from this 1.6120-00 Support region. We will be looking to enter Longs on dips to 1.6100.
Limit Buy Order:
|AUD-USD @ 1.0289...Important Support in 1.0265-50 region|
R: 1.0320-30 / 1.0360 / 1.0400
Ussie failed to sustain above 1.0300 and has dipped below 1.0300 once again. The important 1.0265-50 Support region can be tested now. We expect this Support region to hold and a bounce back is possible from this Support region. Remember, a bounce back if seen from this 1.0265-50 region can see 1.0350-400 on the upside. On the other hand a strong break below 1.0250 will be very bad for the pair and it can increase the chances of seeing further downmove towards 1.0200 or even lower.