|USD-CHF @ 0.9193/69...Can test 0.9250 on the upside|
R: 0.9250 / 0.9300 / 0.9400
Dollar-Swiss has risen further as expected and is keeping up our bullish view intact for a test of 0.9250 on the upside. As mentioned in our Morning comments, this 0.9250 will be an important Resistance level to be watched and a strong break/close above this level will be very bullish and can take the pair further up towads 0.9350-400. Any sharp pull back is not looking likely as of now.
|GBP-USD @ 1.5855/58..Important Support at 1.5800.|
R: 1.5900 / 1.5950 / 1.6000
Cable failed to rise past 1.5900 strongly and has come off sharply once again. Failure to rise past 1.5900 now leaves high chances of seeing a break and dip below its 200-DMA (1.5845) Support level towards the next important Support level at 1.5800. Whether this Support at 1.5800 holds or breaks will determine the further direction of move. We will have to wait and see.
|AUD-USD @ 1.0276/79...Immediate outlook mixed|
R: 1.0300 / 1.0350
Aussie failed to see a strong break above 1.0300 during the day. However, the Support at 1.0250 has held very well once in its pull back move seen during the day. This leaves the immediate outlook mixed and the chances of seeing 1.0350 is still alive while above 1.0250. We will have to wait and see what happens in the US session today.