USD-CHF @ 0.9450/53...Ranged but can rise to 0.9500

R: 0.9475 / 0.9535 / 0.9610
S: 0.9415-00 / 0.9340

The pair in the course of the day has moved lower to its lower end of the range and now stands at the support, we expect the pair to bounce from here towards its higher end of this range. As discussed in the morning the medium term is still bearish but we are expecting a rise to 0.9500-50 before a further fall, but it seems that the short covering is not taking the pair towards 0.9500-50. We would still be looking for a rise which can be used to short the pair near 0.9500-50 with a tight stop. On the down side a break below 0.9415-00 which is its 200 EMA support on the daily charts can take the pair towards 0.9340 in the coming days


GBP-USD @ 1.6019/22..Mixed

R: 1.6030 / 1.6080

S: 1.6000 / 1.5900 / 1.5865

The pair through the day did try to move up making a high of 1.6037 but could not extend its gains, but the move was not significant and a dip towards 1.6000 cannot be ruled out. The pair does have good momentum on the daily charts and it can move towards 1.6080 soon. The medium term trend is bullish. But IF it manages to close below 1.6000-590 will be bearish can take the pair lower towards 1.5900.

Limit Buy Order
Buy GBP 10K at 1.5900, SL 1.5840, TP 1.6140


AUD-USD @ 1.0392/95...Testing the 1.0400-30 Resistance region

R: 1.0350/ 1.0430 /
S: 1.0350 / 1.0300 / 1.0230

AS mentioned in the morning the pair is still in a medium tern down trend but in the immediate term it looks likely to test its resistance of 1.0400-30 which would be a good level to short the pair. It has immediate support at 1.0350 where it has its 200 EMA on the four hour chart which is expected to give support to the pair
Limit Buy Order:
Sell AUD 10K at 1.0425, SL 1.0480, TP Open
Sell AUD 20K at 1.0575, SL 1.0700, TP Open

Happy Trading!