EURO, JAP YEN and EURO-YEN
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Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at
http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register

Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below
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USD-CHF @ 1.1526/30....Support at 1.1501
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R: 1.1570 / 1.1600
S: 1.1501 / 1.1460
There has been a sharp fall in the USD-CHF during the day and tested its lowest level since Mar-2005. It continues to be under pressure and bearish biased, however for today the important Support would come in at 1.1501, the statistically projected Max Low for the day. Below this the Support is at 1.1460.
On the upside the Resistances are at 1.1570 and 1.1600, and the latter is not expected to be crossed intraday. The bias is currently bearish. 
 


 GBP-USD @ 2.0852/57...Bullishness continues
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R: 2.0870 / 2.0921
S: 2.0770 / 2.0740 / 2.0690
GBP-USD has been maintaining its bullish bias and is very likely to test 2.0900 or even higher later today. Note that the statistically projected Max High for the day is at 2.0921. The interim Resistance for the day would come in at 2.0870.

For today the Support is at 2.0770, which is now unexpected to break. Below this the Support is at 2.0740, which falls on a trendline on the 4-Hourly joining the lows of 2.0259 (22-Oct) and 2.0565 (30-Oct). The major Support for the day is at 2.0690, a break below which would be disappointing for the bulls. The bias is bullish and dips while above 2.0690 should be used to buy.


 
 AUD-USD @ 0.9184/88.....Buy Dips
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R: 0.9200-10 / 0.9240-52
S: 0.9140 / 0.9110-00
AUD-USD had a sharp fall to a low of 0.9107 yesterday and earlier today and it has lost all the gains, which were seen in the week so far. It could remain under pressure today as well. However, there could be a bounce back (towards 0.9300) next week, as the RBA is expected to raise rates when it announces its decision on 7th Nov.

For today the immediate Support is at 0.9140 and then at 0.9110-00, a break below the latter is not expected. On the upside the Resistances are at 0.9200 and then at 0.9240-52, the statistically projected Max High for the day. Dips in the pair towards 0.9100 could be used to buy, looking towards next week.

AUD-JPY (105.33) also seems to be stabilizing after the sharp fall yesterday, with strong Support in at 104.40-30. This could help the AUD-USD, should the current gains in AUD-JPY accelerate.

See RBA Interest Rate and AUD Libor chart at
http://www.kshitij.com/fundamentals/funcharts/aurba.shtml

Happy Trading!