|USD-CHF @ 0.9571/74... Mixed with negative bias|
R: 0.9580 / 0.9620 / 0.9660
The pair throughout the day has traded in the 0.9580-50 range; it did try to move up but did not have the strength to do so. There are fair chances that it might slip towards 0.9520 anytime soon. There is a slight chance that it might move up towards 0.9620 which is a good resistance for the pair and is expected to hold this level, given the opportunity we would go short with one more lot at this level. The mood is definitely bearish for the pair but currently trading in the 0.9580-50 range.
|GBP-USD @ 1.5868/71... Bullish|
R: 1.5900-25 / 1.06050
The pair as mentioned earlier has broken out of its 1.5400-1.5765 range on the upside and is targeting 1.6050. At the moment it is witnessing a small correction which would be a good opportunity to go long with a tight stop. The pair for the day traded 1.5910-865 range which might break on the down side but should soon resume its uptrend. We would be looking to take a long position as soon as we get a dip towards 1.5850.
Limit Buy Order
|AUD-USD @ 1.0470/73... Mixed|
R: 1.0500 / 1.0610 /
The pair looks mixed at this stage though the medium term uptrend is intact till the time it stays above 1.0430-00. It broke its intraday support of 1.0500 and can slide down towards 1.0460 and 1.0400 which are its next support levels, but we are not very sure of its immediate movement and would prefer to stay out of the market till further direction is cleared.
We got stopped out of the Long position entered at 1.0517 losing 32 pips