|USD-CHF @ 0.9775/78...Bullish. Buy dips|
R: 0.9800 / 0.9950
Dollar-Swiss remains flat in between 0.9737 and 0.9780. With no significant move seen on either side during the day, our view remains the same. The overall bullish view remains intact but the pair needs to see a strong break above 0.9800 to extend its upmove further to higher levels. While below 0.9800, the chance of a pull back to 0.9700-650 cannot be ruled out. Dips to 0.9700-9650 can be bought as per our weekly trade ideas. On the upside a strong break above 0.9800 would trigger further rise to 0.9950.
Limit Buy Order:
|GBP-USD @ 1.5510/13...Ranged. Outlook not clear|
R: 1.5550-70 / 1.5600 / 1.5650
Cable is ranged between 1.5500-50 today and is keeping the immediate outlook continues to remain mixed. Cluster of Resistances is seen in the broad 1.5550-600 region. Having said this only a strong break above 1.5600 will wipe out the chances of seeing any further downmove. While below 1.5600, there could be chances the pair being in a sideways between 1.5450-5600 and there will also be a threat of seeing 1.5400-380 while below 1.5600. With the immediate outlook being not clear, we prefer to stay out of the market.
|AUD-USD @ 1.0222/25...Can rise to 1.0325-50|
R: 1.0250 / 1.0325-50
Aussie has risen back above 1.0200. Technically the Support near 1.0150 is holding well and the overall picture remains bullish while above 1.0150. Support could now be available at 1.0215 and while that holds, we could see a good rise to 1.0325-50 in the coming sessions. We may expect the immediate Support at 1.0215 to hold well and the pair is expected to continue to trade above 1.0200. A break below 1.0200 if seen can find Support in 1.0160-50 region once again.