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USD-CHF @ 0.8996/99...Might test 0.8900 on the upside |
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R: 0.9050 / 0.9145 / 0.9200 Dollar-Swiss fell during the day as expected and is now trading just below 0.9000. As mentioned in our Morning comments, a further fall to 0.8900 looks likely in the coming sessions. 0.8900-8870 is an important Support region which is expected to hold. We expect a fresh rally towards 0.9200+ levels from the 0.8900-8870 Support region. On the upside Resistance is seen near 0.9050 and only a strong break above this Resistance will ease the downside pressure. Holding: |
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GBP-USD @ 1.5617/20...Resistances at 1.5660 and 1.5750 |
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R: 1.5660 / 1.5750 / 1.5810 Cable has risen further as expected and is now trading above 1.5600. Important Resistances ahead at 1.5660 and then at 1.5750. As such the upside is still open for further rise. But it needs to be seen whether the upmove extend further towards 1.5750 breaking above the immediate Resistance at 1.5660 or not. The broader outlook remains bearish and a rally to 1.5750 can be sold for a fall once again to 1.5500-5300. Limit Sell Order: |
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AUD-USD @ 0.9918/21...Important Resistance at 1.000 |
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R: 1.0000 / 1.0065 / 1.0145 Aussie has risen further and is keeping up our view for a test of 1.0000 on the upside. 1.000 is a significant Support-turned-Resistance level seen on the upside and an immediate break above this Resistance is not looking likely. We expect a pull back from this 1.000 Resistance level which can pull the pair once again to 0.9800-9700 on the downside. As such we will be looking to sell near 1.000 Limit Sell Order: Happy Trading! |
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