SwissUSD-CHF @ 0.9666/69...Bullish

R: 0.9700 / 0.9750-70
S: 0.9600-580 / 0.9550

Dollar-Swiss has risen above 0.9650 and is keeping up the overall bullish view intact. While above 0.9650, a test of 0.9700 on the upside looks likely and a strong break above 0.9700 can see 0.9750-70. Any sharp pull back is not looking likely now and the strong Support in 0.9600-580 region would hold well if in case we see a pull back from current levels.

CableGBP-USD @ 1.5536/39...Can fall to 1.5450-00

R: 1.5630-50 / 1.5700 / 1.5750
S: 1.5540 / 1.5500 / 1.5450

Cable failed to sustain above 1.5600 and has come off once again to test its important 21-DMA Support level. Failure to extend its upmove strongly above 1.5600 is increasing the chances of seeing a break and fall below the 21-DMA towards 1.5450-00. We will have to wait and see. The pair needs to see a strong close above 1.5600 or even 1.5650 to ease the downside pressure.

AussieAUD-USD @ 1.0050/53...Can test parity

R: 1.0080 / 1.0125 / 1.0150
S: 1.0025-00 / 0.9950 / 0.9900

Contrary to our expectation, the Aussie has seen a sharp fall and is now trading below its Support at 1.0080 that we had expected to hold. While below 1.0080, a test of parity seems to be possible now. Any immediate sharp upmove is not looking likely now and we may expect the pair to continue to trade below 1.0100 in the coming sessions.

Happy Trading!