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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USD-CHF @ 1.1694/98.....Sell a rally
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R: 1.1740 / 1.1770
S: 1.1680 / 1.1650 / 1.1620
USD-CHF has been continuously trading with a bearish bias and the pair has again fallen during the day and it currently trades near its important Support of 1.1680, which if broken could result in a fresh sharp fall possibly towards 1.1650, the statistically projected Max Low for the day. Below that the Support is at 1.1620.

On the upside the Resistance is at 1.1740 and 1.1770, and selling on rallies is expected. The bias remains bearish.

Limit Sell Order:
Sell USD 25K at 1.1770, SL 1.1840, TP 1.1600
 


 GBP-USD @ 2.0106/09..........Sell some
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R: 2.0150 / 2.0190
S: 2.0080-69 / 2.0050 / 2.0034
GBP-USD has slipped some more during the day as the pair continues to fall. The pair currently looks to be headed towards 2.0000 over the remaining part of the week. For today the interim Support would come in at 2.0069 and 2.0050. The statistically projected Max Low for the day is at 2.0034.

On the upside the Resistances are at 2.0150 and 2.0190. The bias for the pair remains somewhat bearish.

Market Trade (at time of writing):
Sell GBP 15K at current level, SL 2.0240, TP 2.0065

Limit Sell Order:
Sell GBP 15K at 2.0280, SL 2.0370, TP 2.0180


 
 AUD-USD @ 0.8614/18.....Watch Support at 0.8600
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R: 0.8660 / 0.8700
S: 0.8600 / 0.8570 / 0.8540
AUD-USD has been stable to slightly weak during the day and it has had a minor fall. The important Support for the pair is at 0.8600, which has equal chances of holding/ breaking. A break below that could result in a sharper fall, possibly towards 0.8540 over today/tomorrow.

On the upside the Resistances are at 0.8660 and 0.8700. We would like to see 0.8600 holding before buying.


Happy Trading!