|USD-CHF @ 1.0159/62...Bullish. Buy dips if seen|
R: 0.9170 / 0.9200-10 / 0.9300
Dollar-Swiss has risen further as expected during the day. Resistance is seen in 0.9200-10 region which if holds might see a slight pull back to 0.9120 or 0.9080 region. Dips to 0.9100-9080 can be considered for taking Long positions once again. On the upside a strong break above 0.9210 can take it further up towards 0.9300-9400 in the coming sessions/days.
We booked a profit of 130 pips from the Long position entered at 0.9000.
Limit Buy Order:
|GBP-USD @ 1.5895/98...Immediate outlook not clear.|
R: 1.5930-50 / 1.6000 / 1.6050
Cable fell sharply breaking below its range Support at 1.5870 during the day, but has bounced back well from the 200-MA on the 4-hr chart. The dip seen during the day could be a false downside break of the sideways range. We will have to wait and see whether Cable can rise sharply from current levels. The immediate outlook is not clear and we prefer to stay out of the market for a while.
|AUD-USD @ 1.0134/37...Might dip further|
R: 1.0200 / 1.0250 / 1.0300
Aussie fell during the day and remains pressured on the downside as expected. Currently it is finding Support near 1.0100. A break below 1.0100 can trigger further fall to 1.0050-1.000 in the coming sessions. Reistance is seen near 1.0200-50 which is expected to hold.
Limit Sell Order: