|USD-CHF @ 0.9638/41...Important Resistance at 0.9660|
R: 0.9600 / 0.9700 / 0.9750
Dollar-Swiss is continuing to trade higher and retaining the overall bullish view intact. However, the pair has important Resistance at 0.9660 which can be tested in the US session today. Whether this Resistance holds or breaks will be the key. A strong rise past this Resistance will open doors for a further rise to 0.9900-50 or even higher levels in the coming days. On the other hand if 0.9660 holds, a pull back to 0.9600-9580 is possible.
|GBP-USD @ 1.5426/29...Can revisit 1.5400|
R: 1.5450 / 1.5500
Cable tested 1.5400 as we had expected. The low recorded during the day was 1.5405 and is trying to bounce back from there. But it is not showing upside momentum and there is Resistance near 1.5450. Having said this 1.5400 can be revisited once again. But whether 1.5400 would continue to hold or not is the question. Although we see 1.5400 to be a strong Support the chance of breaking below it cannot be ruled out. If 1.5400 is broken then the pair can fall to 1.5340-30 in the US session today.
|AUD-USD @ 0.9844/47...Immediate Outlook mixed|
R: 0.9870 / 0.9900
Aussie is trading flat in a range of 0.9820 on the downside and 0.9870 on the upside. The immediate outlook is not clear. We see chances of the pair testing 0.9800 and a break below 0.9800 can take the it further down to 0.9770. On the upside 0.9900 will be a very good Resistance which needs to be broken to ease and reduce the chances of seeing further fall. As of now we would stay out of the market and see how the market closes for the week today to get clear idea on the direction of move going forward.