|USD-CHF @ 0.9477/80...Can test its important Support at 0.9400.|
R: 0.9500-30 / 0.9580-600 / 0.9650
Dollar-Swiss tested 0.9500 and has come off from there. Failure to rise past 0.9500 is keeping up the chances of testing the important Support at 0.9400. As we had mentioned earlier, we expect this Support at 0.9400 to hold and a fresh bounce can be seen from here. Having said this we will be looking to long near 0.9400. On the upside good Resistance is seen in 0.9510-30 region and a strong rise past 0.9530 will clear way for a fresh rally going forward.
|GBP-USD @ 1.5694/97...Can revisit the 200-DMA Resistance (1.5747)|
R: 1.5747 / 1.5800
Contrary to our expectation, the Cable has risen back above 1.5700 instead of a fall to 1.5600. The pair seems to be getting good Support from 1.5650. Having said this, a rise to test its 200-DMA (1.5747) once again and we will have to see whether the pair manages to close above the 200-DMA today. 1.5800 will be the next signficant Resistance level to be watched above the 200-DMA. On the downside, 1.5650 and 1.5600 are the important Resistance levels which can halt any sharp pull back for now.
|AUD-USD @ 1.0176/79...Can dip to 1.0110-0080|
R: 1.0200 / 1.0225-50
The Support at 1.0150 is holding well and the Aussie has bounced back. However, we do not see much strength in this bounce back move. Having said this we might still expect a pull back to 1.0110-0080 in the coming sessions over today/tomorrow. On the upside 1.0225-50 will continue to remain as a strong Resistance region which is expected to hold for the rest of the week.