|USD-CHF @ 0.9606...Can fall further|
R: 0.9700-30 / 0.9800
Dollar Swiss has come off last week breaking below 0.9700. Good Resistance is seen in 0.9700-30 region and rallies to this Resistance region can be sold. Having said this the pair is expected to remain pressured on the dowside and a further fall to 0.9415 is possible in the coming days/weeks. Cluster of Support is seen in the broad 0.9485-400 region and the downside can be capped to 0.9400 as of now and a fresh bounce to 0.9700-50 is possible from 0.9400.
Limit Sell Order:
Limit Buy Order:
|GBP-USD @ 1.5809...Bullish|
R: 1.5900-15 / 1.6000 / 1.6050
Cable has broken its broad 1.5450-5770 sideways range on the upside and is continuing to trade higher. Although it has come off from its next Resistance near 1.5900, it has good Resistance-turned-Support in 1.5775-50 region which can restrict the downisde. Also the 200-Week-MA Support is at 1.5695. Having said this the downside could be capped to 1.5700. On the upside 1.5900-15 is an immediate Resistance region and a strong break above it will open doors for further rise to 1.6050. Overall the outlook is bullish and we can expect the pair to continue to trade above 1.5770-50 Support region targeting 1.6050 on the upside.
|AUD-USD @ 1.0388...Can fall further|
R: 1.0430-50 / 1.0500
Aussie is looking weak and is vulnerable for further fall. 1.0450 could now be a very strong Resistance level which can restrict any sharp rise. Rallies to 1.0450 can be considered for taking Short positions. The downside remains open for a test 1.0300-270 or may be even lower. Important to note is that the Aussie is coming down from the high of 1.0613 over the last few weeks. Looking at a bigger picture, the recent fall throws out a threat of seeing 0.9800-9600 on the downside in the coming weeks/months.
Limit Sell Order: