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 @ 1.1235/40....Support at 1.1190-80
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R: 1.1250 / 1.1296-1300
S: 1.1190-80 / 1.1150 / 1.1110-00
USD-CHF is currently in a small trading range within 1.1350 and 1.1180-90. It is slowly drifting down within the range. Now today it is once again headed towards 1.1180-90, which is an important Support. A break below this could produce a sharp drop, towards 1.1150 or 1.1110-00.

On the upside the immediate Resistance is at 1.1250, which falls on a trendline on the 4-Hourly joining the highs of 1.1352 (07-Nov) and 1.1300 (12-Nov). Above this the Resistance is at 1.1296-1.1300. The pair is likely to hold above 1.1190-80 in the next few hours.
 


 GBP-USD @ 2.0386/91.....Towards 2.0300
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R: 2.0425 / 2.0475
S: 2.0340 / 2.0310-00
GBP-USD is currently undergoing another sharp fall and is headed towards 2.0310-00, which falls on the trendline on the daily joining the lows of 1.9652 (17-Aug) and 1.9879 (18-Sep). A break below that is not expected immediately, and a bounce from there may be seen. For today the small interim Support would come in at 2.0340.

The immediate Resistance would come in at 2.0425 and then at 2.0475. The bias for the pair is bearish currently.

GBP-JPY is currently near an important Support of 224.20, the lows which was seen earlier in the week. A sustained break below that could result in a fall towards 223.00 or even lower, and that could pressurize GBP-USD as well. The immediate Resistance is at 228.00.


 
AUD-USD @ 0.8876/80...Resistance at 0.8943-50
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R: 0.8900 / 0.8943-50
S: 0.8842 / 0.8816-10 / 0.8750
AUD-USD has rallied a fraction during the day, however the decline in the pair is still valid. Immediately on the upside the Resistance is at 0.8900. Above that the Resistance is at 0.8943-50, the statistically projected Max High for the day. A move above the latter may not be seen. On the downside the Support is at 0.8842. Below that the Support would come in at 0.8810-16, which falls on a trendline on the daily joining the lows of 0.7674 (17-Aug) and 0.8754 (13-Nov).

AUD-JPY is leading the AUD-USD on the downside and the immediate Support for the former is at 96.90-80. Below that the Support would come in at 96.00. On the upside the Resistance would come in at 98.20 and 99.00.

Happy Trading!