|USD-CHF @ 0.9393/96...Buy dips|
R: 0.9415 / 0.9450-75 / 0.9500
Dollar-Swiss is getting Support near 0.9375 but is not gaining strength for a strong break above 0.9400. Failure to rise past 0.9400 strongly keeps alive the chances of testing 0.9350 or even 0.9300 on the downside. 0.9350 and 0.9300are the significant Support levels to be watched. The pair is losing its downside momentum and a fresh upmove is possible from this 0.9350-00 Support levels.
Limit Buy Order:
|GBP-USD @ 1.5535/38...Outlook mixed|
R: 1.5545 / 1.5565 / 1.5600-30
The Resistance at 1.5545 mentioned in our Morning comments is holding well as of now and Cable is ranged between 1.5500-50. Our view remains the same. Important Resistance is seen near current levels at 1.5545 and 1.5565 and while these Resistances hold, a pull back to 1.5450-00 is possible once again. On the upside the pair needs to see a strong rise past 1.5600 to ease the downside pressure. We will have wait and see what happens.
|AUD-USD @ 0.9982/85...21-DMA Resistance holding|
R: 1.0021 / 1.0100-20 / 1.0200
The 21-DMA Resistance (1.0021) was tested during the day as expected and the Aussie has come off slightly from its high of 1.0019. Our view remains the same. Whether this 21-DMA Resistance breaks or holds will determine the further direction of move. We will have to wait and see what happens. On the downside Support is seen near 0.9900 and while above 0.9900 there is no immediate threat on the downside. We are staying out of the market now and will watch how the pair closes for the week today to get some idea on the direction of move going forward.