EURO, JAP YEN and EURO-YEN
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Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
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$-Swiss @ 1.2430/35....Support at 1.2400
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R: 1.2460 / 1.2480 / 1.2520
S: 1.2400 / 1.2368 / 1.2349
The Support at 1.2400 mentioned in the morning has held so far. This is a trendline joining the Lows at 1.1883 (08-Dec) and 1.2121 (03-Jan) on the Daily Candles. While this Support holds, the overall uptrend since the December Low remains intact. Currently we would favour this. BUT, in case of a break below 1.2400, look for a test of 1.2349, the 200-day MA. Buying on fresh rise past 1.2460 may be considered tomorrow.

 
Cable @ 1.9675/80....Looks bullish
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R: 1.9697-9700 / 1.9740 / 1.9762
S: 1.9650 / 1.9620 / 1.9580
The Cable did not dip below 1.9650 during the day and has, instead, moved up. A further rise past 1.9700 would take it up towards 1.9740 or 1.9762, the statistically projected Max High for the day. On the downside the immediate Support for the pair is at 1.9650. If that is broken then there could be a fall towards 1.9620. The 200-MA on the 4-Hourly is at 1.9591. The charts look strong currently and dips towards 1.9650-30 would be worth a buy with a Stop at 1.9580 targeting 1.9740 over the next couple of days. We’ve got Longs/ Buy Orders in Euro, though, and would not be able to take a position in Cable.

 
Aussie @ 0.7758/62.....Buy dips
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R: 0.7770-73 / 0.7792-0.7800
S: 0.7735 / 0.7700
The Aussie has found buying on dip to 0.7736 during the day. It has immediate Resistance at .7770-73. While that holds, we could see some more sideways movement within 0.7770 – 0.7735. If 0.7770 is crossed then there could be a further rally towards the Resistance at 0.7792, the statistically projected Max High for the day. On the downside the important Support is at 0.7735. If that breaks (unlikely) then a fall towards 0.7700 could follow. Note that the statistically projected Max Low for the day is at 0.7713. The overall picture is bullish and buying on dips is advocated.


Happy Trading!