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 @ 1.1261/65....Support at 1.1260
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R: 1.1300 / 1.1350-60
S: 1.1260 / 1.1220-10
USD-CHF has had little move during the day, after the pullback yesterday. However, it continues to be pressurized, while below 1.1350 on a daily close basis. For today the immediate Resistance is at 1.1300-10. A rally above that (if seen) could result in a test of 1.1350-60 on the upside.
On the downside the immediate Support is at 1.1260 and then at 1.1220-10, the statistically projected Max Low for the day. The pair would be best sold on a rally near 1.1310, keeping SL above 1.1360, targeting 1.1200. 
 


GBP-USD @ 2.0707/12...Resistance at 2.0780
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R: 2.0720 / 2.0780
S: 2.0640 / 2.0580
GBP-USD has continued with its early morning bounce, however this looks tame, compared to the fall which was seen yesterday and late last week. Further volatility is likely to persist in the NY session as well.

The current Resistances on the upside are at 2.0720 and 2.0780. A move above the latter is not expected in the next 12 hours. On the downside the Support are at 2.0640 and 2.0580. Volatility is the order currently, and trading is likely to be choppy.

UK CPI came in higher than expected. See chart at
http://www.kshitij.com/fundamentals/funcharts/ukcpi.shtml


AUD-USD @ 0.8945/49....Sell a rally
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R: 0.8940 / 0.9000
S: 0.8880 / 0.8820
AUD-USD has had a nice rebound during the day so far, after the sharp selloff yesterday. Importantly, the AUD found Support near 0.8750 yesterday and that is likely to act as a temporary Support, in the next couple of sessions.

Immediately in the short term, the Resistance is near 0.8940. Above that the important Resistance would come in at 0.9000. On the downside the Support is at 0.8880 and then at 0.8820. We would like to sell the pair on a little rally, expecting to find selling on rallies.

Limit Sell Order:
Sell AUD 10K at 0.8950, SL 0.9010, TP 0.8800

Happy Trading!