|USD-CHF @ 0.9601/04... Overall bearish but can rise to 0.9620 and 0.9660|
R: 0.9610-2 / 0.9660
The pair broke its range of 0.9550-70 which we had mentioned in the morning and is moving up slowly but steadily. It no doubt is in a down trend but is seeing a minor rally which we expect will fizzle out soon; it has resistance in the 0.9610-20 region which is expected to hold. If the pair manages to cross this resistance region then it can go up to 0.9660. US durable goods data is to be looked out for which if comes below 0.5% can take the pair lower. Once the pair starts descending we can see it gliding towards 0.9460.
|GBP-USD @ 1.5833/36... Support in 1.5825-20 region|
R: 1.5900-25 / 1.6050
The pair broke its trading range of 1.5850-65 on the down side and stands on its support of 21 EMA (1.5825-20) on the four hourly charts and can bounce back from here. If this support is broken the pair move lower towards 1.5760. The pair over medium term is bullish and is expected to move up after it takes support.
|AUD-USD @ 1.0389/92... Bearish|
R: 1.0410 / 1.0460 / 1.0525
The pair continued moving lower taking out its important support of 200 EMA (1.0410-00) on the four hour charts. We can now say that the pair is under pressure and is targeting 1.0240 on the down side in the coming week. It now has a series of resistances which are expected to keep the pair off from moving higher.