SwissUSD-CHF @ 0.9516/19...Immediate Resistance in 0.9550-70 region

R: 0.9560 / 0.9650
S: 0.9435 / 0.9400 / 9.9320

Dollar Swiss continued to find Resistance near 0.9650 and fell sharply from its high of 0.9679. Although it has bounced back above 0.9500, it has good Resistance in 0.9550-70 region and can extend its downmove further. 0.9435, 0.9400 and 0.9320 are the important Supports to be watched. 0.9320 is a strong Support level which can halt the current fall and can trigger a bounce back move. Having said this we might look to enter Long on a bounce from 0.9320. On the upside immediate Resistance is seen in 0.9550-70 region and then 0.9650 is the important Resistances to be watched and a strong break/close above 0.9650 is needed now to bring back the bullishness in to the pair to test 1.0000 on the upside.

Trade ideas for the week:
1) Buy into a bounce from 0.9320
2) Look to sell on a pull back from 0.9600.

CableGBP-USD @ 1.5667/70...Outlook not clear.

R: 1.5700-20 / 1.5780 / 1.5880
S: 1.5600 / 1.5550 / 1.5450

Cable looks mixed. The 21-DMA (currently at 1.5572) will be an important Support level to be watched and 1.5772-77 (200-Week-MA and the 8-Month-MA) are the importante Resistances to be watched on the upside. A strong break on either side of these levels will have to be seen to get clear idea on the direction of move. A strong rise past 1.5780 can take the pair up towards 1.5900-50 and a break on the downside below 1.5570-50 can take it down towards 1.5450 or even 1.5385. Not sure on the direction of move. No trade ideas as of now. Will watch the market and trade accordingly.

AussieAUD-USD @ 1.0228/31...Good Support at 1.0155

R: 1.0250-70 / 1.0300 / 1.0330-50
S: 1.0500 / 1.0155 / 1.0050

Aussie has found good Support near 1.0000 and has risen sharply last week. Failure to break below parity leaves the overall picture very bullish. But there are cluster of Resistances near current levels in the broad 1.0300-50 region which needs to be watched and broken for it to extend its upmove further. 1.0650-80 can be targeted on the upside on a strong rise past 1.0350. On the downside 1.0155 is an important Support level on the monthluy chart wich can restrict the downside. If 1.0155 holds well then there could be good chances of seeing a break and rise above 1.0350 in the coming days/weeks.

Trade ideas for the week:
1) Buy in to a bounce from 1.0150.
Happy Trading!