|USD-CHF @ 0.9348/51...Buy dips|
R: 0.9380-400 / 0.9450
Dollar-Swiss is trying to bounce back now. The overall picture is bullish and a strong break above its 0.9380-400 Resistance region can trigger further rise to 0.9450+ levels. However, failure to rise past 0.9400 can keep the pair ranged between 0.9300-9400 for some time. Dips to 0.9300 can be considered for buying.
Limit Buy Order:
|GBP-USD @ 1.6046/49...Buy dips|
R: 1.6100 / 1.6150 / 1.6200
Cable failed to sustain the break above 1.6100 and has come off sharply during the day. This leaves high chances of to test its important 1.6000-5970 Support region. As we had mentioned earlier, this 1.6000-5970 Support region is expected to hold and a fresh rally is possible from this Support region. Having said this we will be looking to buy in this Support region.
|AUD-USD @ 1.0005/08...Can test 1.0040 while above 1.0000|
R: 1.0010 / 1.0040 / 1.0100-15
Aussie has bounced back above parity, but it is not gaining upside momentum to extend its upmove strongly above 1.0000. Although this bounce back move can extend further to 1.0040 or even 1.0100 while above 1.0000, the overall picture is still bearish and further rallies if seen can be considered for selling again. We will have to wait and see.
We got stopped out of the Short position entered at 0.9985 losing 30 pips.