|USD-CHF @ 0.9800/03... Can be ranged ahead of NFP|
R: 0.9900 / 0.9850-30
Limit Buy order
|GBP-USD @ 1.5556/59... Can go up|
R: 1.5630 / 1.5720-30
The pair took trend line support at 1.5520-10 and has moved up considerably towards 1.5600. Over all the pair is ranged between 1.5400-1.5720 and we would be willing to take respective positions at the range ends when the opportunity arises. The pair can extend its gains till 1.5630 soon which if crossed can take the pair to 1.5720 where we might think of entering a short position if the pair seems to be taking resistance there. On the downside we will be buying at the lower end of the range.
|AUD-USD @ 1.0517/20... Bullish|
R: 1.0560-70 / 1.0590-600
S: 1.0435-30 / 1.0375 / 1.0310-300
As expected the pair did move up and is now heading towards its resistance of 1.0560-70 which is a resistance on the four hour charts which if broken the pair can head towards 1.0590-600 which a resistance on the daily charts. On the down side the pair has good support at 1.0435-30 which is expected to hold but the test of which is possible. The pair has is also taking good support on its 200 EMA on the four hour charts currently at 1.0290-80. The pair is in an uptrend and we can expect it to continue.