|USD-CHF @ 0.9280/83...Ranged between 0.9200-300|
R: 0.9300 / 0.9335 / 0.9400
Dollar-Swiss is continuing to trade higher above 0.9200 and has risen from the day's low of 0.9227. The overall bullish outlook remains intact for a test of 0.9400-500 on the upside. But the pair needs to see a strong break above 0.9300 for this. While below 0.9300, the threat of a break and fall to 0.9100-9000 will still be there. We will have to wait and see whether the pair will break above 0.9300 or not.
|GBP-USD @ 1.5617/20...Not gaining upside momentum|
R: 1.5650 / 1.5700 / 1.5750
Although cable is continuing to trade above 1.5600, it is not gaining upside momentum for a strong rise above 1.5600. The broader picture remains weak and a strong break below 1.5550-00 can trigger a fall to 1.5250 going forward. On the upside 1.5700-50 is an important Resistance region which is expected to hold if a sharp bounce is seen from current levels. We will be looking to sell rallies to 1.5750
Limit Sell Order:
|AUD-USD @ 1.0265/68...Resistance at 1.0300 holding well|
R: 1.0300 / 1.0335 / 1.0400
The Resistance near 1.0300 is continuing to hold well and the Aussie is coming off from its high of 1.0298. The overall sideways range of 1.0150-0300 is expected to continue for some more time. Within this sideways range our bias is bullish and we expect an upside break above 1.0300 which can take the pair further up to 1.0400 or even higher.