EURO, JAP YEN and EURO-YEN
Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering to our newsletter.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 @ 1.1242/46...Resistance near 1.1280-90
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R: 1.1240-50 / 1.1280-90
S: 1.1190-80 / 1.1150 / 1.1110-00
USD-CHF has held above 1.1190 once again during the day, and is currently bouncing. However, there is an immediate Resistance near 1.1240-50. Above that the Resistance is at 1.1280-90, the statistically projected Max High for the day.
On the downside the Support is at 1.1180-90, which may hold up. However, if that is broken, a sharp fall may be seen towards 1.1150 or 1.1110-00 over the next 24 hours. We expect a bearish move in the pair.
GBP-USD @ 2.0458/62....Another Fall
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R: 2.0500 / 2.0550
S: 2.0400 / 2.0340 / 2.0300
GBP-USD came off sharply once again during the day and with that the chances of a small recovery are dipping fast. The current decline is likely to extend towards 2.0310-00 in the days ahead, which falls on the trendline on the daily joining the lows of 1.9652 (17-Aug) and 1.9879 (18-Sep). The immediate Support would come in at 2.0400 and 2.0340.
On the upside the Resistances are at 2.0500, which was the earlier support. Above that the Resistance is at 2.0550. The bias for the pair is bearish currently.
AUD-USD @ 0.8904/08....Towards 0.8800
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R: 0.8940 / 0.8980
S: 0.8860 / 0.8800
AUD-USD has had a sharp fall during the day, and the pair is very possibly headed towards 0.8800 in the next 24 hours. For today, the immediate Support is at 0.8860. Note that the statistically projected Max Low for the day is at 0.8890.
On the upside the Resistances are at 0.8940 and 0.8980. Rallies are likely to see significant sellers now and the bias is bearish.
Happy Trading!







