|USD-CHF @ 0.9777/80...Can test 0.9700|
R: 0.9800 / 0.9850-70
Dollar-Swiss is trading lower and flat in a narrow range of 0.9750 and 0.9785. With no significant move seen on either side during the day, our view remains the same. As per our weekly view, a test of 0.9700 looks likely now. We see chances of a bounce back from 0.9700. But he chances of the downmove extending further to 0.9650 needs to be seen. But we see less chances of a break below 0.9700 and we will be looking to take Long positions near 0.9700.
Limit Buy Order:
|GBP-USD @ 1.5621/24...Support in 1.5620-00 region|
R: 1.5650 / 1.5690 / 1.5750
Cable has come off during the day after the CPI data release. The Support in 1.5620-00 region is holding as of now. But the pair is not gaining strength to rise back strongly. While above 1.5600 there is no immediate downside threat and the chances of seeing 1.5750 on the upside will still be alive. We expect the pair to continue to trade above 1.5600.
|AUD-USD @ 1.0281/84...Support in 1.0265-50 region|
R: 1.0310 / 1.0350 / 1.0400
Aussie failed to see a strong rise past 1.0300 and has come off a bit. But the pull back move is not showing strength. Also we see Support in 1.0265-50 region which is expected to hold in the coming sessions. Having said this, the overall picture remains bullish for a rise to 1.0350-400.