USD-CHF @ 1.0393/98...Might rise towards 1.0450-70 R: 1.0450-70 / 1.0550 / 1.0630
S: 1.0375 / 1.0320-00 / 1.0160Swiss is trading in a range of 1.0376-1.0423. Support is seen at 1.0375. If it holds, as mentioned earlier we might see a corrective rally towards 1.0450-70 or even 1.0550 in the coming sessions/days. Note that the projected Max-High for the day is 1.0455. However a break below 1.0375 might pull it down towards 1.0320-00 in the US session. As a strong downmove below 1.0400 was not seen during the day, we might expect a rise towards 1.0450-70 in the US session today.
GBP-USD @ 1.6557/60...Going Short
S: 1.6530 / 1.6496 / 1.6464-46The Resistance at 1.67-68 is likely to keep the pair pressured for a fall towards 1.62-61 initially and towards 1.59 in case of extreme bearishness. But if 1.67-68 is surpassed, a rise towards 1.70-71 can be seen as well. The flattening 55-DMA at 1.6446 further increases the possibility of a fall towards 1.62 over the week.
It could get volatile this week because of large number of important data releases this week.
Market Trade (at the time of writing):
Sell GBP 10K at current level, SL 1.6600, TP 1.6350
AUD-USD @ 0.8583/88...Support in the region 0.8550-30 R: 0.8610-20 / 0.8647 / 0.8738
S: 0.8550-30 / 0.8500-0.8480 / 0.8450-30Aussie traded below 0.8600 and tested the Support region 0.8550-30 during the day. If this Support region (0.8550-30) continues to hold in the US session and the pair gains upside momentum, a strong break above 0.8600 might see a rise towards 0.8650-70 in the US session.
Looking at the AUD-JPY Cross (currently at 78.02), there is a strong Support in the region 77.00-76.70. A dip towards this Support region is likely to be bought.
AUD-JPY @ 78.02...Limit Buy Order
Buy AUD 10K against JPY at 77.00, SL 76.30, TP 80.00