|USD-CHF @ 0.9185/88...Resistances ahead|
R: 0.9200 / 0.9240-50
Dollar-Swiss has risen well from the day's low of 0.9127 and is now heading towards its Resistance at 0.9200. If this Resistance holds, we might see a pull back once again towards 0.9150-30 in the coming sessions. On the other hand a break above 0.9200 can take it further up towards 0.9240-50. This Resistance in 0.9240-50 is expected to hold for some time. We will be looking to sell if a pull back is seen from 0.9240-50 Resistance region.
|GBP-USD @ 1.6020/23...Resistance at 1.6060 holding as of now|
Cable failed to sustain the break above its Resistance at 1.6060 and has come off sharply from its high of 1.6077. The pair could find some Support near 1.6000. However, if it breaks below 1.6000 then the current pull back move can extend further towards 1.5950-30 in the coming sessions. We will have to wait and see. On the other hand if the pair manages to rise past 1.6060 strongly then it could be very bullish and 1.6300-6400 can be targeted on the upside.
|AUD-USD @ 1.0339/42...Buy dips|
R: 1.0375-400 / 1.0450
Aussie has come off from the day's high of 1.0391. The range Support at 1.0300 looks to be tested in the coming sessions. While it holds, bounce back to 1.0400-50 is possible going forward. On the other hand, a break below 1.0300 can take it further down towards 1.0250 in the coming sessions. We will be looking to go Long today in 1.0300-250 region.
Limit Buy Order: