|USD-CHF @ 0.9150/53...Ranged|
R: 0.9160 / 0.9200
Dollar-Swiss has risen towards 0.9150 and a strong break above it can take it further up towards 0.9200 which is the important Support level to be watched on the upside. An immediate rise past this Resistance at 0.9200 is not looking likely and we might see a pull back if a rise to 0.9200 is seen. On the downside 0.9100 is an immediate Support and a break below it can take the pair down towards 0.9050. As of now we prefer to stay out of the market and watch how the pair closes for the week today to get clear idea on the furhter direction of move for next week.
|GBP-USD @ 1.6171/74...Ranged with bullish bias|
R: 1.6190-200 / 1.6300-20
Cable is narrowly ranged between 0.9160 and 0.9195 today. With no significant move seen on either side during the day, our view remains the same as mentioned in our Morning comments. Cable is continuing to get Support near 1.6150, but is not gaining strength to break above 1.6200 strongly. However, the overall picture is still bullish with strong Supports at 1.6150 and then near 1.6100. An immediate break below 1.6100 is not looking likely and we can see a fresh leg of a rally in the coming days to 1.6300-400-500.
Limit Buy Order:
|AUD-USD @ 1.0243/46...Outlook not clear. Stay away|
R: 1.0280 / 1.0350
Aussie is looking mixed. It is neither gaining strength to rise above 1.0250 strongly nor gaining downside momentum to fall sharply below 1.0250. The US NFP data release which is due in some time would be a trigger for the pair to move on either side of 1.0250. Having said this the immediate outlook is not clear and we will have to wait and see as how the market moves after the NFP data release. We will stay out of the market and watch how the market closes for the week today which would give an idea on the direction of move going forward.