|USD-CHF @ 0.9644/47... Bearish but can rise to 0.9675-85|
R: 0.9675-858 / 0.9735 / 0.9800 / 0.9860
The pair after making a low of 0.9618 has not moved much today but is definitely bearish as the presence of the Head and Shoulder on the daily charts has been confirmed, but it is not breaking below its support range of 0.9620-10. It has traded in the 0.9641-20 for the whole day but now seems to be breaking on the upside which can take the pair to 0.9675-85 which would be a good level to enter a short position in the market. Further upside seems capped at 0.9735 which the neckline resistance on the daily charts. On the break of 0.9610-00 it can fall towards 0.9460.
|GBP-USD @ 1.5791/94... Bullish, needs to stay above 1.5765|
R: 1.5820 / 1.5860-90 /
The pair after break out above 1.5765, rose swiftly above 1.5800 but could not hold on to the gains and come below 1.58, near to its support of 1.5765. As of now the picture does look bullish and will remain bullish till the time it sustains above 1.5765-40. It can scale itself up to 1.5890 in no time as it has good momentum on the daily charts, it does have a minor resistance at 1.5820 which it is expected to cross to proceed towards higher levels.
|AUD-USD @ 1.0438/41... Bearish|
R: 1.0450 / 1.0500-10/ 1.0618
The pair moved down but found support near 1.0430 and has been trading sideways since then. The pair seems negatively biased and can go lower. It has support of its 200 EMA on the four hourly charts at 1.0410-05 but it seems that the bigger trend will be followed and it will eventually get broken which will open doors for 1.0375 and there after to 1.0300. On the rise it can go towards 1.0450-60 that seems to be the max it can go, further it has good resistance at 1.0500-10 which is expected to cap its gains.